XAU breaks record after Iranian President's plane crash
Updated
XAU is gaining momentum amid geopolitical tensions that are expected to escalate after Iranian President Ebrahim Raisi died in a helicopter crash.
Last week, data showed signs of consumer inflation in the US and retail sales slowing, giving the Fed more time to start easing monetary policy.
Experts say that gold prices may continue to reach new records in the context of both the USD and bond yields falling. At the same time, the geopolitical situation in the world has many negative fluctuations, which is also strongly supporting gold prices.
Besides, according to currency strategist Adam Button of Forexlive.com, gold is being strongly supported by recent evidence that the US economy is slowing down and that will further strengthen the possibility of easing. monetary policy of the US Federal Reserve (Fed) in the future.
Last week, data showed signs of consumer inflation in the US and retail sales slowing, giving the Fed more time to start easing monetary policy.
Experts say that gold prices may continue to reach new records in the context of both the USD and bond yields falling. At the same time, the geopolitical situation in the world has many negative fluctuations, which is also strongly supporting gold prices.
Besides, according to currency strategist Adam Button of Forexlive.com, gold is being strongly supported by recent evidence that the US economy is slowing down and that will further strengthen the possibility of easing. monetary policy of the US Federal Reserve (Fed) in the future.
Note
XAUUSD BUY 2407 -2405 TP1 241
TP2 2420
SL 2400
Note
running + 80 pipsNote
+ 90 pipsNote
running + 100 pipsNote
close all + 130 pips
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