Gold becomes mysterious after record price increase
Updated
Hello dear friends! Currently, gold is trading around $2035 with a slight recovery from the morning's range of $2020 - $2035.
After a sharp drop of $120 from the new record high of $2144 established in Monday's trading session, gold is seeking support from the recent weakness in the US Dollar and the low interest rates of the US Treasury bonds, although the momentum is not enough to trigger an increase.
In the past few days, gold has been changing and fluctuating rapidly, making it difficult to predict gold trading. Given the current situation, you may consider pausing your trading activities to protect your account and wait for new market news to gain a fresh and more specific insight into the gold trends.
After a sharp drop of $120 from the new record high of $2144 established in Monday's trading session, gold is seeking support from the recent weakness in the US Dollar and the low interest rates of the US Treasury bonds, although the momentum is not enough to trigger an increase.
In the past few days, gold has been changing and fluctuating rapidly, making it difficult to predict gold trading. Given the current situation, you may consider pausing your trading activities to protect your account and wait for new market news to gain a fresh and more specific insight into the gold trends.
Trade active
Related publications
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.