Gold price reaches record high of $2843.96 as buyers maintain momentum

forexlive.com February 4, 2025, 08:00 PM UTC

Gold prices have reached a new record high, currently trading at $2,843.96, with a peak of $2,845.48. This rise has surpassed a key trendline at $2,839.79, indicating strong buyer interest. Despite some fluctuations around the trendline, the price has remained above it, suggesting continued buying momentum. Traders are monitoring this trendline for potential shifts in market direction. Technical indicators show that gold has found support at key moving averages during recent dips. Traders will watch for breaks below these averages to assess potential downward movement.


With a significance score of 2.5, this news ranks in the top 29% of today's 16527 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 8000 minimalists.