Gold Spot / U.S. DollarUpdated Gold Stays Steady Before Powell Speech
Gold recently surpassed $1,950, driven by technical breakthroughs and geopolitical concerns. While positive indicators suggest upward potential, cautious trading is essential. Watch for signals post-Powell's speech. Geopolitical tensions continue to boost gold's appeal, but traders remain wary, expecting further cues. Investors eagerly await Powell's speech for market direction. Gold's path remains upward, but a careful approach is crucial in these uncertain times.
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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.