Gold Futures Break $2000 Barrier Amid Bullish Market Sentiment.

Gold futures closed above $2000 per ounce for the first time since March 2022, gaining 0.78% to reach $2001.70. Bullish market sentiment for gold has been evident since November 2022, and technical analysis shows a Western chart pattern called a triangle, with an upper descending trendline forming the current level of resistance. The sustainability of gold's pricing above $2000 per ounce can only be determined after it has held that price point on a closing basis for a number of days.