Gold price may rise to $3,000 by the end of this year
BusinessInternationalWednesday, October 23, 2024, 08:34 (GMT+7)
World gold prices increased again
The need for shelter when geopolitical tensions escalated pushed gold prices to a new peak, at 2,748 USD an ounce.
Closing the trading session on October 22, the world spot gold price increased nearly 30 USD to 2,748 USD per ounce. This is a new record high for the precious metal.
"Geopolitical tensions are still the main cause. The US presidential election will take place in two weeks and the race is still very close. Political instability is driving up the need for shelter."
The latest Reuters/Ipsos poll shows that Vice President Kamala Harris's support rate is currently 46%, slightly higher than former President Donald Trump's 43%. "This closeness is creating a situation of uncertainty. This environment is beneficial for gold," said analysts at BNP Paribas bank.
Grant predicts that if tensions in the Middle East continue to heat up, the price could rise to $3,000 by the end of this year. Since the beginning of the year, the price has increased 33% and continuously set new peaks.
💎
XAUUSD Buy limit 2724 - 2722💎
✔️TP1: 2730
✔️TP2: 2750
✔️TP3: OPEN
🚫SL: 2716
➖➖➖➖➖➖➖➖
💎XAUUSD Sell limit 2750 - 2748💎
✔️TP1: 2730
✔️TP2: 2720
✔️TP3: OPEN
🚫SL: 2758
World gold prices increased again
The need for shelter when geopolitical tensions escalated pushed gold prices to a new peak, at 2,748 USD an ounce.
Closing the trading session on October 22, the world spot gold price increased nearly 30 USD to 2,748 USD per ounce. This is a new record high for the precious metal.
"Geopolitical tensions are still the main cause. The US presidential election will take place in two weeks and the race is still very close. Political instability is driving up the need for shelter."
The latest Reuters/Ipsos poll shows that Vice President Kamala Harris's support rate is currently 46%, slightly higher than former President Donald Trump's 43%. "This closeness is creating a situation of uncertainty. This environment is beneficial for gold," said analysts at BNP Paribas bank.
Grant predicts that if tensions in the Middle East continue to heat up, the price could rise to $3,000 by the end of this year. Since the beginning of the year, the price has increased 33% and continuously set new peaks.
💎
XAUUSD Buy limit 2724 - 2722💎✔️TP1: 2730
✔️TP2: 2750
✔️TP3: OPEN
🚫SL: 2716
➖➖➖➖➖➖➖➖
💎
XAUUSD Sell limit 2750 - 2748💎✔️TP1: 2730
✔️TP2: 2720
✔️TP3: OPEN
🚫SL: 2758
PREMIUM CHANNEL ✉️
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/xauusdtradingfx
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/xauusdtradingfx
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.