Geopolitical Turmoil Drives Gold Demand
Gold prices are rising amid growing global uncertainty. Geopolitical tensions and the threat of a trade war are again driving investors to seek safe assets. This makes gold a primary choice as a hedge against market volatility.
In addition, the weakening US dollar is also supporting the rise in gold prices. Expectations that US interest rates will remain high but stable maintain gold's appeal. As long as global risks persist, gold has the potential to maintain its upward trend. (alg)
The gold price at the time of this analysis was $4,727
- Buy if the price is at $4,735
- Sell if the price is at $4,718
Resistance 2: $4,758
Resistance 1: $4,741
Support 1: $4,707
Support 2: $4,690
Disclaimer
This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id