Gold Price Strengthens Amid Global Tensions and Economic Data
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.