Gold Prices Soar Following Release of US GDP Data

After the release of the US GDP figures for the first quarter of 2024, the gold market experienced a strong price surge, surpassing the $2,330 threshold, paving the way for recovery.

Currently, the price of gold is stable around $2,335, with short-term forecasts still optimistic towards buying pressure. Prospects are aimed at the psychological milestone of $2,400, reflecting confidence in the market's growth potential in the near future.