The current gold price is $2946.620/ounce, up $10.41 from the previous price, an increase of 0.35%. The recent gold price fluctuated at a high level, showing the fierce game between the long and short sides of the market.
Factor analysis
The global economic situation is one of the important factors affecting the gold price. In times of economic prosperity, investors are more inclined to invest in risky assets, such as stocks, while the demand for gold is relatively reduced, which may lead to a decline in gold prices. On the contrary, during periods of economic recession or instability, investors will increase their demand for gold as a safe haven, thereby pushing up gold prices. At present, global economic growth faces uncertainties such as (monetary policy, geopolitical conflicts, US dollar trends, supply and demand relations, market speculation and investor psychology) that will affect gold prices. For traders, when trading GOLD, they need to fully understand market risks, formulate reasonable trading strategies, and grasp the timing of entry and exit.
Traders don’t know when to enter the market.
You can follow me. When the opportunity comes, I will release more accurate signals in my trading center in a timely manner. Welcome everyone, I will help you achieve financial freedom
Factor analysis
The global economic situation is one of the important factors affecting the gold price. In times of economic prosperity, investors are more inclined to invest in risky assets, such as stocks, while the demand for gold is relatively reduced, which may lead to a decline in gold prices. On the contrary, during periods of economic recession or instability, investors will increase their demand for gold as a safe haven, thereby pushing up gold prices. At present, global economic growth faces uncertainties such as (monetary policy, geopolitical conflicts, US dollar trends, supply and demand relations, market speculation and investor psychology) that will affect gold prices. For traders, when trading GOLD, they need to fully understand market risks, formulate reasonable trading strategies, and grasp the timing of entry and exit.
Traders don’t know when to enter the market.
You can follow me. When the opportunity comes, I will release more accurate signals in my trading center in a timely manner. Welcome everyone, I will help you achieve financial freedom
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.
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.