Global Tensions Trigger Market Surge!
Gold Soars Gold prices hit a record high on Tuesday, surpassing $4,480 an ounce for the first time, after posting a 2.4% gain in the previous session, its biggest surge in more than a month. The rise was driven by escalating geopolitical tensions, particularly related to the US oil tanker blockade of Venezuela and market expectations that the Federal Reserve will further cut interest rates in 2026. This year, gold has already surged 70% and is on track for its biggest annual gain since 1979.
Meanwhile, silver also hit a new record, surging 1% to $69.7060 an ounce, thanks to speculative flows and ongoing supply tensions in several major trading centers. Silver's rise has been even more spectacular than gold's, with a gain of around 140% this year. Analysts predict gold prices will continue to rise in 2026, targeting $4,900 per ounce, driven by safe-haven demand and more dovish monetary policy. (asd)
The gold price at the time of this analysis was released was $4,487.
- Buy if the price is at $4,501
- Sell if the price is at $4,458
Resistance 2: $4,560
Resistance 1: $4,517
Support 1: $4,431
Support 2: $4,388
Disclaimer: This article is analytical in nature and does not constitute a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
