After reaching a new high and then falling, how much longer can this round of the gold bull market last?
Analysts pointed out that there are signs of weakness in the bulls, and there is a risk of a pullback in gold in the short term. However, it is expected that factors such as the Fed's rate cut and geopolitical conflicts will continue to support the price of gold.
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At the end of Monday's Asian session, spot gold rose again in the short term, with prices reaching a new record high of $2631.37 per ounce. According to Economies.com, the price of gold is approaching its first call target of $2634.50 per ounce, and if it breaks through this level, it will pave the way for further significant gains in the price of gold.
Express News | Gold prices hit another record high, key economic data to be released in the usa this week may reveal clues to the interest rate cut path.