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Gold Sets A New Record As Prices Rise Higher
Gold Adds to Record Highs, and Analysts Focus on Potential for $3,000
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Gold hits a new high, is it trading on the US election cycle? CitiBank: Expected to reach $3000 next year!
The spot gold price has reached new highs in recent days, with prices breaking through $2,580 per ounce in early trading on Friday, and New York gold futures surpassing $2,600 per ounce, both reaching historical highs. Spot gold is expected to have its best performance since 2020, with a year-to-date increase of over 24%. Citibank analysts say that due to the loose monetary policies of major central banks and the tense situation of the US presidential election, the price of gold is expected to reach $3,000 next year. Data shows that gold prices have soared during the terms of the recent several US presidents, starting from the time the new president takes office.
Gold Breaks To A New High And Can Go Much Higher, Stocks And Gold Running On 50 BPS Cut