GOLD

Gold

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 <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">
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 <p><strong>Also Read: Gold Price Set To Surpass Record Highs in 2024</strong></p>
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 <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>
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 <figure class="wp-block-image size-full"><img decoding="async" width="733" height="419" src="https://cdn.thebittimes.com/images/2023/11/30/733da86f83340fff59218fb41954da93.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">
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 <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>
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<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

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