Gold Price Falls Below $2000 as Bears Take The Upper Hand
Despite riding a historic high over the last two weeks, the GOLD price has dropped below the $2000 mark as bears appear to have taken the upper hand. Currently, the asset is trading at $1983 and is down more than 23% over the last 24 hours. Still, the development appears to be merely a price correction. In the short term, bears will attempt to drive the asset down to a key resistance at the $1978 level. Subsequently, how the metal performs around that area should provide key insights into how it will close out 2024, after reaching a new all-time high this month. Also Read: Gold Prices Rise Amid Slipping US Dollar Gold Price Falls to $1983 as it Closes in On Key Resistance For much of the last few months, the ascension of GOLD has been a massive talking point. Indeed, the financial sector has seen it officially reach its highest mark since record figures in 2020. Specifically, GOLD reached its all-time high earlier this month, hitting highs of $2148 on December 4th. No...