17:09 - 31.01.2025

---

January 31, Fineko/abc.az. The price of gold reached an all-time high in January 2025, exceeding $2,800.

ABC.AZ informs that gold, which has remained stable at $2,770 over the past three days, rose sharply on Thursday, reaching $2,800.43 per ounce.

If the price exceeds this level, the next targets may be $2,850, $2,900 and $3,000.

On the other hand, if sellers try to lower the XAU/USD pair below $2,750, the price may fall to $2,700 and then to $2,663. This level is considered a strong support point because it coincides with the simple moving averages for 50 and 100 days.

Amid the slowdown in the US economy, markets expect the Fed to cut interest rates by 50 basis points in 2025. This may create additional support for the rise in gold prices.