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Gold Analysis Today 03/03: Strong Overbought Levels (Chart)
(MENAFN- Daily Forex)
- Gold prices have gained more than 5% during the first month of 2025, following gains of over 27% for the previous year. With spot gold prices breaking the historical psychological resistance level of $2800 per ounce and gaining to a peak of $2817 per ounce, the highest in the history of gold prices, the bullish outlook for gold prices is gaining strong momentum. Accordingly, the bullish outlook may change to something beyond the $3000 per ounce peak, which was predicted before trump took office.

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