Gold prices have been trending up since beginning of 2025. Started the year at $2650/oz to $2920/oz at the time of writing. The yellow metal experiences a 10% increase over a period of less than 3 months. An achievement for the traditional low risk safe haven asset.
As illustrated on the chart above, prices are well above the support base line for most of time in 2025. Every corrective pullback was met with strong buying interest, pushing prices up to the next leg. Both main street and wall street are pessimistic about the gloomy scenario arising from the Trump administration and prices inflation. They took every opportunity to buy into any temporary dips as gold prices look set to break the $3000/oz psychological level in the near future.
Gold is building a foundation at the $2775/oz – $2800/oz level. We are currently less than $100 from $3000. It just take a slight nudge to release the bullish catapult pass the glass ceiling.
Disclaimer: All content is provided for informational and educational purposes only. Precious metals investments involve financial risk. Readers should conduct their own research before making any investment decisions.
