Gold continues to increase strongly!

RKarina Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello, my notable friends!

Today, the price of gold has seen an impressive increase, with spot gold rising by $29.9 to $2,281 per ounce.

This significant surge on April 2nd, according to US time, has been driven by the relentless demand for a safe haven amidst escalating tensions in the Middle East. The gold market continues to defy the strength of the US dollar and predictions of interest rate cuts in the US, consistently setting new records.

Furthermore, strong demand from retail investors and global central banks also play a crucial role in extending the upward momentum of this precious metal.

Considering these factors, a target of $2,300 for gold seems not only feasible but highly likely!
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