Market Uncertainty Fuels Gold Rally: Will It Continue?
Gold prices reached an all-time high of $2,956 last week before retreating to $2,833 on Friday, February 28, 2025, marking a decline of approximately 4%. This drop is likely due to a correction and profit-taking by investors, which is considered a healthy movement, especially as gold prices approached the highly anticipated psychological barrier of $3,000. However, today, gold prices have rebounded, hovering around the $2,900 level. The key challenge now is to break through the $2,900 resistance level.
Gold prices have risen by approximately 10% since the beginning of the year, outperforming high-risk assets such as Bitcoin and major U.S. stock indices like the S&P 500 and Nasdaq 100. This indicates growing investor concerns, prompting them to seek refuge in the traditional safe-haven asset—gold.
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Please note that this analysis is provided for informational purposes only and should not be considered as investment advice. All trading involves risk.