Gold Price on the Rise
The gold price remains robust midweek 2025 and approaches the important technical mark of 3,400 US dollars, which is considered a central resistance level. Currently, the precious metal is priced at about 3,372 US dollars on Thursday morning. Since the end of April, the gold price has been fluctuating within a range of approximately 3,100 to 3,400 US dollars, with the mark around 3,400 USD regarded as a critical resistance level.
Factors for the Increase
Several factors are favoring the current upward trend of the gold price: a weaker US dollar and concerns about the financial situation in the USA are leading investors to increasingly turn to gold as a safe haven. The increase since the beginning of the year is over 25% in US dollars, further boosting interest in the precious metal.
Technical Analysis
Technically, the area around 3,400 USD is considered an important barrier, and overcoming it would represent a strong buy signal. Current analyses see a resistance in the range of about 3,345 to 3,355 USD; a breakthrough above this could pave the way to the next target at approximately 3,400 USD.
Conclusion
- The gold price is currently near the mark of around 3,372 USD.
- The technical hurdle is at approximately 3,400 USD.
- Fundamental factors such as a weak dollar and uncertainties in the financial market support the price.
- A sustainable break above this resistance could trigger further upward movement.
This development makes gold an attractive investment object for investors seeking protection against economic risks.