Spot gold ended yesterday’s trading with a 0.6% increase, closing at 3231, and continued its upward momentum this morning, reaching a new all-time high at 3292. As the U.S. imposed a ban on the sale of Nvidia chips to China, global markets are seeing declines this morning. Additionally, Trump’s proposal to impose tariffs on precious metals has intensified the trade war, further boosting demand for safe-haven assets like gold.
If the 3300 level is breached, the next target may be around 3330. On the downside, the levels of 3245 and 3227 serve as important technical support areas.
If the 3300 level is breached, the next target may be around 3330. On the downside, the levels of 3245 and 3227 serve as important technical support areas.
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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.