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Gold Prices Skyrocketing, Bloomberg Strategist Predicts $4,000 Next
Gold Prices Skyrocketing, Bloomberg Strategist Predicts $4,000 Next
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Gold prices breached the $3,300 mark on Wednesday in April, surging close to 2.5% at the opening bell. The precious metal is attracting heavy bullish sentiments as retail investors, institutional funds, and central banks are accumulating it. Since 2024, gold prices have been hitting new highs almost every month, with the markets welcoming a new price of $3,300 in less than a month. Traders are struggling to keep up with the rapid rise, giving no opportunity to buy the dip. A Bloomberg strategist predicts that gold prices will reach $4,000 next.
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