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Gold is now inching towards a new price threshold, establishing its own territorial supremacy at best. Gold (XAU) is currently one of the best-performing assets in the market, which is gradually moving towards a new price high. This development has triggered a wave of new predictions foretelling gold’s future price path. However, amid the gold frenzy, analysts have shared how the precious yellow metal has a long way to go, all while maintaining its equilibrium steady and intact. Also Read: ASEAN Countries Gain $16 Billion in Profits in India’s Stock Market Gold To Hit $2,900? Source: WatcherGuru According to recent market statistics, gold is currently trading at $2,343. Per Rashad Hajiyev, a notable finance analyst on X, Gold seems to be in a consolidation phase, which ought to break one way or the other. Hajiyev’s latest prediction spells magic for the precious metal. The expert has claimed that gold could ascend to spectacular price heights this August, trading a...

With the hype around Bitcoin ETFs and the rise of BTC over the last several weeks, another asset may be on its way to blossoming. Amid a climb to $2055 this week, the gold price has been forecasted to reach a new all-time high by the end of 2024. The asset hit its current all-time high in November of last year. Then, the asset of $2,135 was a moment that infused the market with optimism. Although the asset has yet to follow through on that anticipation, the Federal Reserve interest rate cuts are expected to bring renewed excitement and investment into the metal. Source: Finbold Also Read: Gold Ascends & The US Dollar Dips as PCE Data Shows Positive Uptick Gold Price Predicted to Reach New ATH in Q4? Entering into 2024, both GOLD and Bitcoin shared little more than the excitement that investors had over their impending performance. Ending 2023 on a positive note, both assets had the potential to soar. To this point, BTC has made good on that, surpassing $62,000 for the ...