Gold homes in on the $3,000 mark ...Middle East

The next target? The $3,000 mark of course. That's the big one in terms of a psychological barrier for the precious metal.

Will this time be different though?

The rise to where we are now has been breathtaking and really one-sided in terms of momentum. That argues for a correction of sorts but we've not got that whatsoever until now.

I wouldn't rule out a good bout of profit taking upon hitting $3,000. But if we easily shoot past that, we might see gold touch $3,100 or $3,200 before the next real pullback.

This article was written by Justin Low at www.forexlive.com.

Hence then, the article about gold homes in on the 3 000 mark was published today ( Thursday 20/02/2025 - 01:31 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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