New Delhi: Gold prices expected to increase significantly in 2024

New Delhi: Gold prices are expected to test the levels of $2.060 to $2.090 per ounce, and in any correction, if it sustains the levels of $2.035, the prices could realistically reach $2.115 levels. Are. According to one information, bullish trend. D MK Wealth Management. According to the report, the increase in US gold coins was the factor that prevented or limited any rise in gold prices for almost a year despite high global inflation. The yellow metal has risen from lows to above $2,000 an ounce in the last six months, and is currently located at the $2,050 level. This increase was made possible by the depreciation of the US dollar against other currencies and the decline in the dollar index, both of which were made possible by market sentiment about US interest rates and, in particular, the official type of policy. E.U.U. They can become soft in a very short period of time. , Soon. Below $2.035, technically, there is good support at the $2.010 level and then at the $1.980 level. According to the information, it is expected that the bullish trend in prices will continue till the first resistance level, which is found between $2.080 and $2.090.