Update: Gold just busted $2100.00 XAU/USD at 1:20 pm after my prediction 20 minutes ago.
03/01/2024 At 1 Pm EST Gold XAU/USD bust through the all time high to $2099. Golds as an investment is clearly becoming a great safe haven for investors.
Only $1 away from hitting $2,000 an ounce, March is already looking good for 2024. I do expect it to break $2k today.
I do watch the gold and other indexes on a daily basis so come back and check often and I’ll try to keep you updated.
Notes:
Gold is element 79 and its symbol is Au. Though the name is Anglo Saxon, gold originated from the Latin Aurum, or shining dawn, and previously from the Greek. It’s abundance in the earth’s crust is 0.004 ppm. 100% of gold found naturally is isotope Au-197.
XAU/USD is the label for spot gold traded on the foreign exchange market. Gold (XAU) is traded against the US dollar (USD), and its price represents the cost of one Troy ounce of gold in USD.