Kitco News, Released on 12/2/24

Gold has been the star performer of 2024, rallying over 30% and reaching record highs above $2,700 per ounce. But what’s next for this precious metal as we head into 2025? Gary Wagner, editor of TheGoldForecast.com, breaks down gold’s monumental bull market, the recent correction he predicted, and what lies ahead. Wagner provides a detailed analysis of key support and resistance levels, insights into Elliott Wave patterns, and the impact of the upcoming Fed meeting on gold prices. He also shares his bullish outlook for 2025, explaining why central bank buying, geopolitical tensions, and potential rate cuts could propel gold even higher. Will gold hit $3,000 next year? Gary’s technical expertise provides the answers you need. Don’t miss this essential gold market update!

00:00 Introduction
01:00 Understanding the Corrective Phase
06:09 Key Support and Resistance Levels
07:25 Short-Term Volatility and Momentum
09:29 Looking Ahead to 2025
11:06 Factors Influencing Gold Prices
18:30 Conclusion

Gary Wagner has been a technical market analyst for 25 years. A frequent contributor to STOCKS & COMMODITIES Magazine, he has also written for Futures Magazine as well as Barrons. He is the executive producer of “The Gold Forecast,” a daily video newsletter. He has been a speaker for financial seminars including Futures West and the Dow Jones Financial Symposium which travels throughout the world.. Coauthor of “Trading Applications Of Japanese Candlestick Charting” a John Wiley publication.

  gary wagner, gold, investing