XAU concerns continue to rise
Updated
Many investors are concerned about geopolitical risks. They increased the need to shelter capital in precious metals, creating conditions for today's gold price to heat up.
In an unfavorable economic context, gold prices continue to attract investors as the central bank's purchasing power has not stopped.
Officials of the US Federal Reserve (FED) noted that inflation is still high and the FED will not be able to reduce interest rates. This will have a certain impact on the trend of gold prices in the next few days.
is heading for a fifth straight week of increases after unidentified sources reported attacks in Iran, Syria and Iraq.
Tensions between Iran and Israel have increased since last weekend's attack, with Iran warning against attacking its own facilities and threatening to respond in kind if they are attacked. Meanwhile, the US calls for soluble solutions.
In an unfavorable economic context, gold prices continue to attract investors as the central bank's purchasing power has not stopped.
Officials of the US Federal Reserve (FED) noted that inflation is still high and the FED will not be able to reduce interest rates. This will have a certain impact on the trend of gold prices in the next few days.
is heading for a fifth straight week of increases after unidentified sources reported attacks in Iran, Syria and Iraq.
Tensions between Iran and Israel have increased since last weekend's attack, with Iran warning against attacking its own facilities and threatening to respond in kind if they are attacked. Meanwhile, the US calls for soluble solutions.
Note
SELL XAU 2383TP1; 2373
TP2: 2363
SL: 2393
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