Gold Price Soars Above $2,900, Eyes $3,000 Milestone By February End

In a historical caller feat, golden has crossed an ambitious terms pedestal of $2,900, marking different precocious wrong the predicted timelines. The precious yellowish metallic is present inching person to hitting different historical all-time precocious of $3,000. Will the metallic beryllium capable to assertion this spot by the extremity of February 2025?

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Gold Claims New High of $2,915

Source: iStock

Gold, different touted arsenic “the” coagulated hedge enactment for investors, has successfully crossed a precocious terms people of $2,900. The precious yellowish metallic is already eyeing its adjacent people of $3,000, which the metallic whitethorn breach by the extremity of this period if the marketplace forces let the metallic to thrive and prosper connected the go. The US economical demographics person had a cardinal relation successful bolstering gold’s terms hike to $2,900. For instance, uncertainty astir planetary commercialized wars with Trump imposing tariffs connected nations was 1 of the cardinal reasons for golden spiking to a precocious price.

Donald Trump is inactive vying for a section narrative, which includes bolstering the US system and keeping it prioritized connected each fronts. This improvement whitethorn compel the US president to contented tariffs connected nations, with an intent to bolster productivity successful the US manufacturing domain. While the thought holistically supports the US economy, it whitethorn enactment the US dollar successful jeopardy, sparking assertive commercialized warfare fears. This concern whitethorn beryllium lucrative for assets similar golden that person often been noted to thrive successful a crisis, with investors sentiment shifting towards the precious yellowish metallic to assistance stabilize and safeguard their assets.

WATCH: Gold prices deed a grounds high, driven by safe-haven request aft Donald Trump imposed caller tariffs connected alloy and aluminum imports, raising fears of a planetary commercialized warfare https://t.co/6s93kjV4Vz pic.twitter.com/7rREkXIBGA

— Reuters Business (@ReutersBiz) February 12, 2025

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The Precious Asset To Ultimately Hit $3,400, Expert Adds

Per a notable concern expert, Rashad Hajiyev, golden has crossed the $2,900 mark, delivering a slingshot aft undergoing flimsy consolidation.

“Gold formed a bully slingshot each th mode until $2,863 and is present backmost supra $2,900. Looking good, and aft further consolidation, I expect different all-time high. But astatine this constituent I would similar golden to intermission a bit, allowing metallic to bash immoderate work…”

Gold formed a bully slingshot each the mode until $2,863 and present backmost supra $2,900. Looking bully and aft further consolidation, I expect different each clip high. But astatine this constituent I would similar golden intermission a spot allowing metallic to bash immoderate work… pic.twitter.com/44BnIYKVds

— Rashad Hajiyev (@hajiyev_rashad) February 13, 2025

At the aforesaid time, Hajiyev forecasted a caller terms pedestal for gold, adding however XAU whitethorn surge and swell to $3,400.

My presumption connected gold: the way to $3,400… pic.twitter.com/DjXzssyOKI

— Rashad Hajiyev (@hajiyev_rashad) February 7, 2025

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