Why Are Gold Prices Rising Today?
Gold prices found resistance at the $2,030 level after dipping from $2,070 early this month in January 2024. The prices of GOLD has remained in the green for two consecutive days and is attracting bullish sentiments in the indices. The yellow metal delivered good gains at the start of 2024 and could continue churning out profits in the coming months. The XAU/USD Spot Gold prices could continue to rise if they hold on tight and consolidate at the current $2,030 level. Also Read: Pakistan Must Never Be Allowed To Join BRICS Under Any Situation: India So why are Gold Prices rising despite the broader market experiencing corrections? In this article, we will highlight why the prices of GOLD are rising today. Why Gold Prices Are Shooting Up? Source: Freepik.com Gold prices are shooting as amid the weakening of the US dollar this month. The US dollar Index (DXY) slipped dangerously low to 102 points on Thursday and another leg down could take the USD below 100. The dollar rema...