GOLD PRICE FORECAST: XAU/USD EXTENDS RALLY ABOVE $2,700

GOLD PRICE FORECAST: XAU/USD EXTENDS RALLY ABOVE $2,700
GOLD PRICE FORECAST: XAU/USD EXTENDS RALLY ABOVE $2,700

GOLD PRICE FORECAST: XAU/USD EXTENDS RALLY ABOVE $2,700

Current Gold Price: XAU/USD is currently priced at $2,716.87.

Central Bank Actions: The Bank of Canada cut rates by 50bps, and the European Central Bank is expected to follow suit.

US Inflation: US inflation rose in line with expectations for November.

Bullish Momentum: XAU/USD's bullish momentum is expected to continue, with potential for reaching record highs around the $2,790 region.