The situation between Russia and Ukraine has eased, the conflict in the Middle East has cooled down, and Trump’s new tariff policy on China has been implemented (10% increase), the market risk aversion has dropped sharply, and the "war premium" that previously pushed up the gold price has been quickly withdrawn.
The hawkish remarks of Federal Reserve officials stimulated the rebound of the US dollar index, directly suppressing the gold price.
The continued growth in gold purchase demand from global central banks has a certain supporting effect on gold prices. However, when the price of gold approaches the psychological mark of US$3,000 for speculative long positions, institutions take advantage of the opportunity to sell, triggering market fluctuations.
GOLD GOLD GOLD
The hawkish remarks of Federal Reserve officials stimulated the rebound of the US dollar index, directly suppressing the gold price.
The continued growth in gold purchase demand from global central banks has a certain supporting effect on gold prices. However, when the price of gold approaches the psychological mark of US$3,000 for speculative long positions, institutions take advantage of the opportunity to sell, triggering market fluctuations.
GOLD GOLD GOLD 
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Continuously release precise trading plans to lead members to expand profits, with a stable profit of 988% every month. If you have not made a profit yet, then join us. t.me/fahsufnwks
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.