Gold Price Strengthens Amid Global Tensions and Economic Data
TL;DR Summary
Gold prices are showing signs of a bullish continuation, with the US dollar drifting higher and yields vulnerable to further downside. The $2050 level presents a key psychological barrier, but gold's safe haven appeal during geopolitical instability could render it ineffective. The MACD indicator suggests upside momentum, with the prior all-time high of $2081.80 as the next level of resistance.
- Gold Price Outlook: XAU/USD Eyes Prior All-Time High Amid Elevated Tensions DailyFX
- Gold Price Forecast: Further upside for XAU/USD appears elusive amid a US holiday FXStreet
- Gold: Potential Bullish Breakout from 6-Week Range Action Forex
- GOLD SWOT: Following softer U.S. PPI data, gold extended its gains last week Kitco NEWS
- Gold holds strength on deepening Middle East crisis, firmer Fed rate cut bets FXStreet
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
2 min
vs 2 min read
Condensed
84%
377 → 60 words
Want the full story? Read the original article
Read on DailyFX