Gold is posting another strong day in what's been a nearly non-stop rally to start the year. It's up $27 to a new record at $2841.
All the trade uncertainty has been a big tailwind for gold, which started the year at $2621. That's an 8% rally barely a month into the year following strong gains in 2024.
We're getting close to the point where $3000 begins to act as a magnate but we're also getting close to the end of the early-year seasonal tailwind.
The real trigger for gold from here would be anything that weakens the US dollar. It's incredible that this bull market for gold has unfolded entirely during a bull market for the US dollar.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about what a run for gold to start the year was published today ( ) 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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