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Daily Exchange Rates - 24 February 2025 ๐ฑ
Gold confirmed expectations of a correction, reaching $2900, the support level discussed earlier. If $2900 is breached, gold could target $2850. As of today, gold is starting the session with a decline, making $2850 a possible target.
1๏ธโฃ Gold Near Record Highs โ Prices are hovering close to all-time peaks due to economic uncertainty. 2๏ธโฃ Weak US Dollar โ A declining dollar is making gold more attractive to investors. 3๏ธโฃ US Economic Data in Focus โ Traders are watching for key economic reports that could influence the Fedโs decisions. 4๏ธโฃ Interest Rate Speculation โ Lower interest rates would boost goldโs appeal as a non-yielding asset. 5๏ธโฃ Profit-Taking โ Some investors are selling to lock in gains after last weekโs price surge.
Berkshire Hathaway reported record operating earnings of $47.4 billion last year. Here's a look at the conglomerate's top 15 holdings: https://lnkd.in/e6N-KtDW
As of February 25, 2025, gold prices in the United States have experienced a slight decline due to profit-taking by investors. Spot gold is currently trading at $2,932.39 per ounce, a 0.5% decrease from its recent all-time high of $2,956.15 reached on February 24. U.S. gold futures have also dipped by 0.4%, now at $2,952.60.
https://www.khaleejtimes.com/business/markets/uae-alpha-data-ipo-opens-for-subscription-announces-offer-price-range
Daily Exchange Rates - 28 February 2025 ๐ฑ
As of February 21, 2025, gold prices in the United States have experienced a slight decline after reaching record highs earlier this week. The current spot price for gold is approximately $2,927.89 per ounce, reflecting a 0.4% decrease from the previous session.