Gold price rises, will it reach $3000?

We'll see, everything can change quickly, currently, the dollar index is strengthening
Waiting for lower prices can provide maximum profits when gold soars, some traders may use averaging.
Exactly, I can see the strong dollar index which can definitely shake things up! Keeping an eye as how it leads.
 
The price of gold is now at around $2655 consolidating near the middle band line, yesterday the price tried to rise but failed at $2664, this condition is quite a contrast to Bitcoin which has extended its increase to around $105k
 
Yesterday the price of gold fell but with a weak decline due to rising US retail sales data, next we will wait for the FOMC and the possibility of the Fed reducing the interest rate expected by the market by 25 basis points.
 
Yes, it is still wavering near $2654 ahead of the decision by Fed. I think the next move on the price would be after Fed's stance on economic projections and interest rates.
 
Yes, it is still wavering near $2654 ahead of the decision by Fed. I think the next move on the price would be after Fed's stance on economic projections and interest rates.
Analysts are predicting a 25 points cuts by the Fed and expecting a decent surge in the Gold. What's your take here?
 
The Fed finally lowered interest rates by 25 basis points as expected, gold prices plummeted after the FOMC statement which made economic projections change 2025
 
The Fed finally lowered interest rates by 25 basis points as expected, gold prices plummeted after the FOMC statement which made economic projections change 2025
I know but gold looks steady. I'm curious how the market will behave in long run! What is your take?
 
Gold will reach 3000 for sure. New conflicts in the world will launch price even more then 3000 IMHO, probably next year.
 
I know but gold looks steady. I'm curious how the market will behave in long run! What is your take?
Maybe gold will still face challenges because the Fed may reduce interest rates more carefully, the Fed hinted at cutting interest rates twice next year.
 
Maybe gold will still face challenges because the Fed may reduce interest rates more carefully, the Fed hinted at cutting interest rates twice next year.
Yeah, gold is still in the downward trend as Fed indicated on the slower pace of rate cuts.
 
Won't it be 4 times the next year?
It is projected that the Fed will cut interest rates more slowly next year only twice due to Trump's policies that encourage inflation. However, perhaps the Fed will look at further developments in decision-making.
 
It is projected that the Fed will cut interest rates more slowly next year only twice due to Trump's policies that encourage inflation. However, perhaps the Fed will look at further developments in decision-making.
Got it. What do you think of Trump's latest post on Panama Canal. Will that conflict will cause a rise in Gold post he start his second term?
 
Got it. What do you think of Trump's latest post on Panama Canal. Will that conflict will cause a rise in Gold post he start his second term?
It seems that Trump has changed direction in political policy to be more protectionist, if he controls the Panama Canal, the impact on trade tariffs will probably be in favor of the US. However, the correlation with gold will probably be more about strengthening the USD.
 
It seems that Trump has changed direction in political policy to be more protectionist, if he controls the Panama Canal, the impact on trade tariffs will probably be in favor of the US. However, the correlation with gold will probably be more about strengthening the USD.
Yes, it would focus more on strengthening the USD. Also, I recently read that Trump is focusing on buying Greenland, the largest island on Earth. What’s your take on this? Will it keep the USD surging, or will it only last for a short period?
 
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