GOLD BUY Gold prices have shown a significant increase over the past year, with spot gold rising by over 27% in 2024, marking its largest annual gain since 2010.
As of January 2, 2025, gold prices continue to rise, with spot gold increasing by 0.39% to $2,634.15 per ounce.
Analysts at major financial institutions like JPMorgan, Goldman Sachs, and Citigroup predict that gold prices could further climb to $3,000 in 2025, driven by factors such as lower interest rates, geopolitical uncertainties, and increased central bank purchases.
However, some forecasts suggest potential short-term corrections. For instance, a recent analysis indicates that gold prices might test resistance near the $2,630 area before potentially declining towards the $2,545 level.
Given these mixed signals, it's essential to stay informed about market trends and consider consulting a financial advisor before making investment decisions.
For a more detailed technical analysis of gold as of January 2, 2025, you might find the following video helpful:
