Gold price on the first day of the week!
Welcome back to our fresh conversation about the gold price outlook for the upcoming week.
Last week, gold witnessed a remarkable surge, climbing continuously from $2035 to $2088 and maintaining a stable price around $2080 during the early trading hours of Monday.
Looking forward and formulating strategies and predictions for this week:
A survey involving 14 analysts revealed that none predict a decrease in gold prices in the near future. Among them, 11 analysts, accounting for 79%, are optimistic about gold's prospects, while 3 analysts, representing 21%, hold a neutral stance towards this precious metal.
Regarding today's gold price outlook:
Gold begins to adjust its price and shows a slight downward trend under the pressure of investors locking in profits, losing 0.15% over the day. This price breakthrough could lead to gold being tested again at key support levels, thus investors should be cautious not to chase the price.
Last week, gold witnessed a remarkable surge, climbing continuously from $2035 to $2088 and maintaining a stable price around $2080 during the early trading hours of Monday.
Looking forward and formulating strategies and predictions for this week:
A survey involving 14 analysts revealed that none predict a decrease in gold prices in the near future. Among them, 11 analysts, accounting for 79%, are optimistic about gold's prospects, while 3 analysts, representing 21%, hold a neutral stance towards this precious metal.
Regarding today's gold price outlook:
Gold begins to adjust its price and shows a slight downward trend under the pressure of investors locking in profits, losing 0.15% over the day. This price breakthrough could lead to gold being tested again at key support levels, thus investors should be cautious not to chase the price.
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