GOLD

Gold

<div class="watcher-guru"> 
 <p>Gold experienced a dramatic crash on Monday as the charts turned red making the prices fall to $2,022. The price of <a rel="dofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> fell sharply close to 24 points and dipped nearly 1.5% in the indices. If the commodity markets continue their downturn, <a rel="dofollow" title="Gold Prices" href="https://thebittimes.com/tag/gold-prices.html">Gold Prices</a> could dip below the $2,000 mark in January leading to lower prices next month in February 2024.</p> 
 <p><strong>Also Read: US Dollar Index Falls Dangerously Low: Could Slip Below 100</strong></p> 
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  <img decoding="async" width="1024" height="742" src="https://cdn.thebittimes.com/images/2024/01/08/b2e69b84c3e5ef9ed48f5b615eca793a.webp" alt class="wp-image-123938" srcset="https://cdn.thebittimes.com/images/2024/01/08/b2e69b84c3e5ef9ed48f5b615eca793a.webp 1024w, https://cdn.thebittimes.com/images/2024/01/08/b2e69b84c3e5ef9ed48f5b615eca793a.webp 300w, https://cdn.thebittimes.com/images/2024/01/08/b2e69b84c3e5ef9ed48f5b615eca793a.webp 768w, https://cdn.thebittimes.com/images/2024/01/08/b2e69b84c3e5ef9ed48f5b615eca793a.webp 380w, https://cdn.thebittimes.com/images/2024/01/08/b2e69b84c3e5ef9ed48f5b615eca793a.webp 550w, https://cdn.thebittimes.com/images/2024/01/08/b2e69b84c3e5ef9ed48f5b615eca793a.webp 800w, https://cdn.thebittimes.com/images/2024/01/08/b2e69b84c3e5ef9ed48f5b615eca793a.webp 1153w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: Investing.com
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 <p>Now that the prices of gold are down by nearly 20 points, can the precious metal rise in February 2024? In this article, we will highlight a price prediction for gold for the month of February 2024.</p> 
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 <h2 class="wp-block-heading" id="h-gold-price-prediction-for-february-2024">Gold Price Prediction For February 2024</h2> 
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  <img decoding="async" width="1024" height="585" src="https://cdn.thebittimes.com/images/2024/01/08/68fbb9be56e73ffdfcebba3844c6bf84.webp" alt="Gold US Dollar USD XAU" class="wp-image-123936" srcset="https://cdn.thebittimes.com/images/2024/01/08/68fbb9be56e73ffdfcebba3844c6bf84.webp 1024w, https://cdn.thebittimes.com/images/2024/01/08/68fbb9be56e73ffdfcebba3844c6bf84.webp 300w, https://cdn.thebittimes.com/images/2024/01/08/68fbb9be56e73ffdfcebba3844c6bf84.webp 768w, https://cdn.thebittimes.com/images/2024/01/08/68fbb9be56e73ffdfcebba3844c6bf84.webp 380w, https://cdn.thebittimes.com/images/2024/01/08/68fbb9be56e73ffdfcebba3844c6bf84.webp 550w, https://cdn.thebittimes.com/images/2024/01/08/68fbb9be56e73ffdfcebba3844c6bf84.webp 800w, https://cdn.thebittimes.com/images/2024/01/08/68fbb9be56e73ffdfcebba3844c6bf84.webp 1050w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: Watcher Guru
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 <p>Leading on-chain metrics and price prediction firm Gov Capital has predicted that the average moving price for <a rel="dofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> on February 1, 2024, could stand at $2,071. That’s an uptick of approximately 2.5% from its current price of $2.022.</p> 
 <p><strong>Also Read: 4 Indicators Suggest the S&amp;P 500 Index Could Head South</strong></p> 
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  <img loading="lazy" decoding="async" width="916" height="312" src="https://cdn.thebittimes.com/images/2024/01/08/c7dfeac66c3101ad89d6fdd45247f177.webp" alt class="wp-image-123934" srcset="https://cdn.thebittimes.com/images/2024/01/08/c7dfeac66c3101ad89d6fdd45247f177.webp 916w, https://cdn.thebittimes.com/images/2024/01/08/c7dfeac66c3101ad89d6fdd45247f177.webp 300w, https://cdn.thebittimes.com/images/2024/01/08/c7dfeac66c3101ad89d6fdd45247f177.webp 768w, https://cdn.thebittimes.com/images/2024/01/08/c7dfeac66c3101ad89d6fdd45247f177.webp 380w, https://cdn.thebittimes.com/images/2024/01/08/c7dfeac66c3101ad89d6fdd45247f177.webp 550w, https://cdn.thebittimes.com/images/2024/01/08/c7dfeac66c3101ad89d6fdd45247f177.webp 800w" sizes="(max-width: 916px) 100vw, 916px">
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   Source: Gov Capital
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 <p>According to the price prediction, if the markets turn turbulent, <a rel="dofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> could also dip to the $1,760 level. That’s only when the worst-case scenario arises making the markets tank south. However, if the <a rel="dofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> and commodity markets pick up steam and rally, the highest possible price <a rel="dofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> could reach is $2,382. That’s a return on investment (ROI) and an uptick of nearly 18% from its current price of $2,022.</p> 
 <p><strong>Also Read: US Markets Ready for a 20% Plunge, Investors Urged To Remain Prepared</strong></p> 
 <p>Gold prices started 2024 on the front foot as it nearly touched $2,100 in early January. However, the prices began to dip thereafter and are now feared to fall below the $2,000 mark. The yellow metal is experiencing a roller-coaster ride this month after the US Treasury yields delivered higher returns.</p> 
 <p><strong>Also Read: BRICS: Morgan Stanley Downgrades The U.S. Dollar</strong></p> 
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 <p>The US Treasury bonds delivering higher returns impact the prices of both the stock and the commodity markets, including <a rel="dofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a>. The US stock market dipped last week after Apple Inc., shared fell sharply due to higher Treasury yields.</p> 
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<div class="cs-entry__tags">
 <ul>
  <li>GOLD</li>
  <li>gold price</li>
  <li>Gold Price Prediction</li>
  <li>Gold Prices</li>
  <li>Spot Gold</li>
  <li>XAU/USD</li>
 </ul>
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/planning-to-buy-gold-next-month-here-s-february-2024-price-prediction-tbt75902.html">https://thebittimes.com/planning-to-buy-gold-next-month-here-s-february-2024-price-prediction-tbt75902.html</a></p>

Planning To Buy Gold Next Month? Here’s February 2024 Price Prediction

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