Gold Prices Nearing All-Time High of $3,700
Gold prices hit a new record high of $3,698.94 on Tuesday. The XAU/USD index spiked nearly 17 points in the day’s session with a surge of 0.7%. The commodity is extremely bullish with the backing from retail investors, institutional funds, and central banks. All three sections of investors are heavily investing in the commodity and reaping the benefits of the bull run. Also Read: Will Nvidia (NVDA) Stock Crash? New RTX6000D Chip Finds No Buyers Source: Investing.com Gold Prices Hit New All-Time High Source: Watcher.Guru Gold prices are on the brink of reaching the $3,700 mark and could reach there in today’s trading session. Several analysts and leading global financial banks previously predicted that the precious metal would reach the $3,700 range by the end of 2025. The forecast has turned accurate as the XAU/USD index is only surging. Demand for gold has not decreased in two years, as consumption has surged tenfold, leading to higher prices. The rise on Tuesday also comes...