XAUUSD : Gold will increase due to middle east politics
Updated
Gold's upward momentum is still maintained but the price has not yet been able to return to the $2,400 threshold
Gold prices are currently maintaining their upward momentum and are trading around $2,380 despite the strength of the greenback.
Gold prices increased slightly at the end of the US session yesterday after a hawkish speech by Fed Chairman Jerome Powell. Along with that, the fact that US retail sales are also remaining at a high level has caused the USD to continue to increase in price and somewhat limited the rise of precious metals. XAU/USD is currently trading around $2,380, with closest support located at the April 12 bottom around $2,343, below the psychological threshold of $2,300.
Gold prices are currently maintaining their upward momentum and are trading around $2,380 despite the strength of the greenback.
Gold prices increased slightly at the end of the US session yesterday after a hawkish speech by Fed Chairman Jerome Powell. Along with that, the fact that US retail sales are also remaining at a high level has caused the USD to continue to increase in price and somewhat limited the rise of precious metals. XAU/USD is currently trading around $2,380, with closest support located at the April 12 bottom around $2,343, below the psychological threshold of $2,300.
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Note
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