GOLD

Gold

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 <p>After three years of being unable to break through the $2080 level, the <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> price is nearing a new all-time high. Currently, the precious metal is trading at $2060, and up 0.92% over the last 24 hours. Moreover, it is set to surpass its official all-time high of $2081 which was set in August 2020.</p>
 <p>Gold’s value has surged in recent weeks and has long been poised for a breakthrough. After surpassing the $2,000 mark, many expected a move to a new all-time high was a possibility. Now, the value is within distance, as bulls attempt to break through the $2050 range, and towards new heights.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="733" height="419" src="https://cdn.thebittimes.com/images/2023/12/02/733da86f83340fff59218fb41954da93.webp" alt class="wp-image-119807" srcset="https://cdn.thebittimes.com/images/2023/12/02/733da86f83340fff59218fb41954da93.webp 733w, https://cdn.thebittimes.com/images/2023/12/02/733da86f83340fff59218fb41954da93.webp 300w, https://cdn.thebittimes.com/images/2023/12/02/733da86f83340fff59218fb41954da93.webp 380w, https://cdn.thebittimes.com/images/2023/12/02/733da86f83340fff59218fb41954da93.webp 550w" sizes="(max-width: 733px) 100vw, 733px">
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 <p><strong>Also Read: Gold Price Could be On Its Way to $3000 Amid Sustained Rally</strong></p>
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 <h2 class="wp-block-heading" id="h-gold-nearing-new-all-time-high-as-it-breaks-through-2050">Gold Nearing New All-Time High as it Breaks Through $2050</h2>
 <p>Although the economic situation in the United States is less than ideal, it has certainly catapulted the price of gold. The metal has long been seen as a defense against inflation, and investor diversification has worked in bringing to life a sustained rally. However, what many expect to be a reality in 2024, could be coming to fruition in 2023’s final month.</p>
 <p>Indeed, the <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> price is on its way to reaching a brand new all-time high. It certainly made headlines when it catapulted above the $2000 level, but its surge did not end there. Subsequently, investors have pushed its value beyond the $2050 mark, with the coveted $2082 now in sight.</p>
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 <figure class="wp-block-image size-full"><img decoding="async" width="733" height="419" src="https://cdn.thebittimes.com/images/2023/12/02/9d761ef25f58bc7df8c655d6ce8a2936.webp" alt="Gold" class="wp-image-119273" srcset="https://cdn.thebittimes.com/images/2023/12/02/9d761ef25f58bc7df8c655d6ce8a2936.webp 733w, https://cdn.thebittimes.com/images/2023/12/02/9d761ef25f58bc7df8c655d6ce8a2936.webp 300w, https://cdn.thebittimes.com/images/2023/12/02/9d761ef25f58bc7df8c655d6ce8a2936.webp 380w, https://cdn.thebittimes.com/images/2023/12/02/9d761ef25f58bc7df8c655d6ce8a2936.webp 550w" sizes="(max-width: 733px) 100vw, 733px">
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 <p><strong>Also Read: Gold Price Set To Surpass Record Highs in 2024</strong></p>
 <p>For the past three years, the price of <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> has been unable to break through the $2050-$2080 resistance level. Forex <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> notes that a move toward the $2081 range was not even in play until early in May. Now, the asset has seemingly handled maneuvering toward $2060.</p>
 <p>Additionally, analysts note that sellers have consistently pushed <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> below the $2000 level at month’s end since 2020. Although November was not different, the start of December showed positive momentum working to aid the price’s increase. Subsequently, there is the expectation that <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> should finally be able to reach, and possibly surpass, heights as seen in 2020.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/gold-price-set-to-reach-new-all-time-high-tbt72342.html">https://thebittimes.com/gold-price-set-to-reach-new-all-time-high-tbt72342.html</a></p>

Gold Price Set to Reach New All-Time High

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