This week, the gold market has been performing remarkably. It has continuously broken through all - time highs within just two days. Spot gold opened at $3088.17 per ounce, and its price has been oscillating upwards all the way, reaching a high of $3248 per ounce.
The gold market has witnessed a significant rally under the combined effect of various factors. Geopolitical risks have continued to provide a safe - haven support for gold. Factors such as the impact of tariff policies at the economic policy level have promoted the rise in gold prices from different perspectives. Market sentiment has also shifted from the previous panic selling to positive buying.
In the future, the economic data released by the United States and the policy expectations of the Federal Reserve will have an impact on the price of gold. The market's expectations for the Federal Reserve's interest rate cuts are constantly changing, and we need to keep a close eye on the relevant information.
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The gold market has witnessed a significant rally under the combined effect of various factors. Geopolitical risks have continued to provide a safe - haven support for gold. Factors such as the impact of tariff policies at the economic policy level have promoted the rise in gold prices from different perspectives. Market sentiment has also shifted from the previous panic selling to positive buying.
In the future, the economic data released by the United States and the policy expectations of the Federal Reserve will have an impact on the price of gold. The market's expectations for the Federal Reserve's interest rate cuts are constantly changing, and we need to keep a close eye on the relevant information.
If you approve of my analysis, you can give it a thumbs-up as support. If you have different opinions, you can leave your thoughts in the comments.Thank you!
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Join my free Telegram channel right away and achieve financial freedom.
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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.