Gold Climbs on Anticipated Safe-Haven Demand — Market Update
With the possibility of increased safe-haven demand, gold shows a morning rise in the Asian session. Edward Moya, Oanda's senior market analyst, points out that the precious metal seems to be reassuming its role as a safe haven, attributing this to factors like disappointing China trade data, downgrades in the ratings of certain U.S. regional banks, and a mix of earnings. Moya anticipates that if the global economic outlook worsens, gold could attract more interest. Currently, spot gold records a 0.2% increase at $1,928.39 per ounce.
GOLD BUY LIMIT 1923 -1925💯💯
✅ TP1: 1929
✅ TP2: 1935
🛑 SL: 1918
GOLD BUY LIMIT 1923 -1925💯💯✅ TP1: 1929
✅ TP2: 1935
🛑 SL: 1918
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