GOLD

Gold

<div class="watcher-guru">
 <p>Over the last several weeks, <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> has seen its value skyrocket. Moreover, it has been identified as a possible surging asset well into the coming year. Subsequently, with that rally in mind, and room for it to continue maneuvering upward, could the <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> price be on its way to <a rel="noopener noreferrer nofollow" title="$3000" href="https://thebittimes.com/tag/3000.html">$3000</a>?</p>
 <p>Many have predicted that its recent ascension beyond $2000 is not the end for the precious metal. Indeed, experts have forecasted gold’s value to exceed its 2020 highs and eventually set new all-time marks. Could that new high exist beyond the $3000 price, however?</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="733" height="419" src="https://cdn.thebittimes.com/images/2023/11/30/9d761ef25f58bc7df8c655d6ce8a2936.webp" alt="Gold" class="wp-image-119273" srcset="https://cdn.thebittimes.com/images/2023/11/30/9d761ef25f58bc7df8c655d6ce8a2936.webp 733w, https://cdn.thebittimes.com/images/2023/11/30/9d761ef25f58bc7df8c655d6ce8a2936.webp 300w, https://cdn.thebittimes.com/images/2023/11/30/9d761ef25f58bc7df8c655d6ce8a2936.webp 380w, https://cdn.thebittimes.com/images/2023/11/30/9d761ef25f58bc7df8c655d6ce8a2936.webp 550w" sizes="(max-width: 733px) 100vw, 733px">
 </figure>
 <p><strong>Also Read: Gold Price Set To Surpass Record Highs in 2024</strong></p>
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div>
 </div>
 <h2 class="wp-block-heading" id="h-gold-surpasses-2000-with-next-milestone-coming-into-view">Gold Surpasses $2000 With Next Milestone Coming Into View</h2>
 <p>For much of the last month, gold has seen a resurgence. Often perceived by investors as a defense against inflation, the metal has seen its price stay beyond the $2000 mark. Now, with that rally sustained for the time being, there is an eye on where the price could land in the near future.</p>
 <p>Specifically, many have pondered if the <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> price could be on its way to <a rel="noopener noreferrer nofollow" title="$3000" href="https://thebittimes.com/tag/3000.html">$3000</a> amid what has been a sustained rally. Fundstrat’s head of technical strategy, Mark Newton, discussed his perspective on the asset’s price. He expressed a technical target for <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> at $2500, amid ongoing geopolitical realities.</p>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <figure class="wp-block-image size-full"><img decoding="async" width="733" height="419" src="https://cdn.thebittimes.com/images/2023/11/30/733da86f83340fff59218fb41954da93.webp" alt class="wp-image-119807" srcset="https://cdn.thebittimes.com/images/2023/11/30/733da86f83340fff59218fb41954da93.webp 733w, https://cdn.thebittimes.com/images/2023/11/30/733da86f83340fff59218fb41954da93.webp 300w, https://cdn.thebittimes.com/images/2023/11/30/733da86f83340fff59218fb41954da93.webp 380w, https://cdn.thebittimes.com/images/2023/11/30/733da86f83340fff59218fb41954da93.webp 550w" sizes="(max-width: 733px) 100vw, 733px">
 </figure>
 <p><strong>Also Read: AI Predicts Gold Price for December 2023 (XAU/USD)</strong></p>
 <p>Moreover, the price of gold is immensely dependent on the overall economic circumstance. Yahoo Finance has noted that many predictions observe the price could reach as high as the $3000 mark. Subsequently due to the potential negative downturn of the United States economy in the coming year.</p>
 <p>Where the Federal Reserve sits with inflation rates will greatly impact how the price moves. Yet, if things remain where they are currently, a move upward is certainly not out of the question. Therefore, <a rel="noopener noreferrer nofollow" title="$3000" href="https://thebittimes.com/tag/3000.html">$3000</a> remains in play until the economic trends reverse themselves, which is a prospect unbacked by evidence at this time.</p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
 <p></p>
</div>
<div class="cs-entry__tags">
 <ul>
  <li>GOLD</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/gold-price-could-be-on-its-way-to-3000-amid-sustained-rally-tbt72100.html">https://thebittimes.com/gold-price-could-be-on-its-way-to-3000-amid-sustained-rally-tbt72100.html</a></p>

Gold Price Could be On Its Way to $3000 Amid Sustained Rally

Table of Contents

TheBitTimes

Other articles published on Nov 29, 2023

Crypto’s tumult: Altcoins stall ahead of $650m token release

Tax Crackdown: UK Authorities Target Crypto Users for Unpaid Taxes

IMF Dismayed Over ”Fragmentation” Risk As Public Chooses Cryptocurrencies Over CBDCs

Sei v2 to include EVM compatibility

Bitcoin, Solana surges, Crypto equities follow trend in 2023

Judge Drops Out Of Elon Musk & X’s Free Speech Lawsuit Against Media Matters

Join our free newsletter for daily crypto updates!