ðĄXAUUSD: Ability to recover after a slight decline
ðĄAt the end of yesterday's trading session, the price of gold experienced a slight decrease, putting an end to the impressive surge that took it close to $2,000 per ounce in the previous week, while the ongoing tensions in the Middle East show no signs of abating.
ðĄAccording to David Meger, the Director of Metal Trading at High Ridge Futures, the demand for safe-haven assets may continue to push gold prices higher after a brief period of decline. He expressed the belief that political instability and unrest in the Middle East will likely keep driving gold prices upwards.
ðĄ Meger also added, "If inflation data exceeds expectations, it could raise concerns about interest rate hikes, which may subsequently lead to an increase in the demand for safe-haven assets."
ðĄAccording to David Meger, the Director of Metal Trading at High Ridge Futures, the demand for safe-haven assets may continue to push gold prices higher after a brief period of decline. He expressed the belief that political instability and unrest in the Middle East will likely keep driving gold prices upwards.
ðĄ Meger also added, "If inflation data exceeds expectations, it could raise concerns about interest rate hikes, which may subsequently lead to an increase in the demand for safe-haven assets."
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
âïļ Gold moved to touch Fib 0.786 and rebounded as I predicted. Let's wait for Gold's next actions
âïļTAKE PROFIT: 1972
âSTOP LOSS: 1988