Gold Bulls Aim For $3,150: Can The Precious Metal Reach There?

Gold prices are hovering around the $3,022 mark on Monday as prices remain stable in the last three trading sessions. The XAU/USD index could see minor corrections as commodity investors indulge in sell-offs and profit bookings. The precious metal has spiked nearly 16% year-to-date and is among the top-performing assets in the broader commodity markets.

Bulls are on the driver’s seat with bears experiencing bad trading sessions timing the gold prices. The surge in value has been steady as the precious metal sustainably scaled up in the indices. With the US dollar declining in value and the DXY index falling to 103.80 level, gold is gaining in the charts.

Gold: Bulls Target $3,150

The US dollar’s dip has helped gold to maintain a positive momentum and the uncertainties on tariffs have pushed its price higher.said FX Empire analyst James Hyerczyk.he noted.

Hyerczyk wrote.

he wrote.he summed it up.