🚀 Gold Price Today: XAU/USD Hits $2,899 – Is a Major Breakout Coming?
Gold prices continue their bullish trend, with XAU/USD currently trading at $2,899.94, reflecting a 0.44% gain on the day. With traders eyeing the next resistance level, will gold surge past $2,920 or face a pullback? Let's dive into the latest market trends!
3/4/20251 min read
📊 Key Market Insights:
✔ Current Price: $2,899 (March 4, 2025)
✔ Resistance Level: $2,920 - $2,950
✔ Support Level: $2,880
✔ Trend: Upward recovery after a recent dip
🚀 Why is Gold Gaining Strength?
✅ Geopolitical Tensions: Safe-haven demand is rising.
✅ Fed Rate Speculations: Lower interest rates make gold more attractive.
✅ Central Bank Buying: Increased reserves fuel long-term demand.
📈 What’s Next for Gold?
Analysts predict gold could hit $3,000 if the current momentum sustains. Traders should watch for a breakout above $2,920 for confirmation of a continued rally.
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