12.17.24 - Will Gold Ever Hit $3,000 an Ounce?

12.17.24 - Will Gold Ever Hit $3,000 an Ounce?

Gold last traded at $2,646 an ounce. Silver at $30.54 an ounce.

Will Gold Ever Hit $3,000 an Ounce? -Investing Haven

Gold's target of $3,000, once a long term price target, now a price target for May through December 2025. As long as gold remains within its rising channel, it can and will hit $3,000 at some point in 2025.

While gold may not hit $3,000 in 2024, it's nearly impossible, it is clear that fundamentals are set right for gold to hit $3,000 an Ounce in 2025. Our previous time window for gold to hit $3,000 is February - August 2026, we are adjusting it now to April - May 2025.

Gold has long been revered as a store of value, a safe haven. In recent years, gold's price has seen fluctuations influenced by a myriad of factors, from geopolitical tensions to shifts in global economic policies.

However, amidst this volatility, one path seems really clear based on the current chart of price of gold: gold is on its way to hit $3,000 an Ounce. In this post, we try to find out if and when gold will hit $3,000 an Ounce.

We start with our own, proprietary gold chart analysis. We continue with fundamental analysis.

Will gold hit $3,000 an Ounce?