Gold prices rebounded on December 24, extending the upward trend after hitting a record high in the previous session; an expert stated that the core factors driving the increase have yet to cool down, and the medium to long-term outlook remains positive.
The fluctuations in gold prices are mentioned in the context of the market continuing to observe safe-haven assets, as gold has repeatedly broken its peak this year, and the upward trend shows no signs of ending.
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The gold price rose again on December 24 after setting a record in the previous session.
Expert: gold broke historical peaks more than 50 times this year.
The medium- to long-term outlook for gold remains optimistic.
The gold price continues to rise after hitting a peak
On December 24, the gold price increased again, maintaining an upward trend after hitting a record high in the previous trading session.
Information indicates that the upward momentum of gold has not been interrupted after recording the highest historical level the previous day. This is a notable signal for investors monitoring the fluctuations of safe-haven assets and the spillover effects on other markets, including cryptocurrencies.
No specific price level or percentage range was provided, but the emphasis is on the fact that gold is still in an upward phase and has just established a record peak, implying that buying pressure remains present in the short term.
Expert: breaking the peak more than 50 times, the outlook remains optimistic
Swissquote Bank stated that gold has broken historical peaks more than 50 times this year and the core drivers of the current upward trend have not cooled down.
Senior analyst Ipek Ozkardeskaya noted that this development reflects the resilience of the upward trend, as the fundamental factors driving prices have not weakened. She assesses that the medium- to long-term outlook still leans toward a positive scenario.
Theoretically speaking, the medium- to long-term outlook for gold remains optimistic.
Source: https://tintucbitcoin.com/phan-tich-vang-lac-quan-trung-dai-han/
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