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Gold Analysis Today 02/01: Will Prices Rise? (Chart)
(MENAFN- Daily Forex)
- Gold prices have started the new year 2025 on an upward trajectory, reaching the resistance level of $2636 per ounce and stabilizing near that level at the time of writing.
- As is known, gold prices recorded annual gains during the year 2024, the best performance since 2010, with a profit rate of 27 percent.
- Furthermore, the optimistic bullish outlook dominates sentiment towards the future of gold prices in the coming months.
- Moreover, the strength of the US dollar stopped bulls' desire to take risks.

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