Fundamental Overview
The price of spot gold surged during the beginning of the American session and is currently hovering around 2,019.33$ per troy ounce, which is a new three-week high. At the start of the day, the US Dollar appeared to be strong, but it took a significant hit after the release of unimpressive US data and a decrease in government bond yields. Additionally, the stock markets experienced a sharp decline due to concerns about the banking sector, leading to an increase in demand for the safe-haven metal.
It is forecasted that the 2000-2005 price range will have a slight correction
Plan trade in the intro
The price of spot gold surged during the beginning of the American session and is currently hovering around 2,019.33$ per troy ounce, which is a new three-week high. At the start of the day, the US Dollar appeared to be strong, but it took a significant hit after the release of unimpressive US data and a decrease in government bond yields. Additionally, the stock markets experienced a sharp decline due to concerns about the banking sector, leading to an increase in demand for the safe-haven metal.
It is forecasted that the 2000-2005 price range will have a slight correction
Plan trade in the intro
Trade active
Trade active
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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.
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.