Gold Price may struggle to break $2,000.

Gold price currently trades around $1,974 on Wednesday, gaining 0.18% for the day.

Most traders wonder if the Middle east war will make gold jump again to the heights. In my view, gold price will increase in the near future but it won’t rise immediately, like breaking $2000.

Too many factors involved the market, so let’s keep a close eye on the following data release and events.

1.Middle East tensions

2.U.S. GDP numbers for theQ3 on Thursday.

3.PCE price index on Friday ahead of the Federal Reserve’s policy decision next week.