Gold Safe-Haven Demand Rises on Geopolitical and Trade Tensions
Gold futures surged 1.9% to 3378.00 amid escalating geopolitical risks and renewed trade tensions. Safe-haven demand intensified following Ukraine's drone strikes within Russian territory and former President Trump's renewed threats of imposing tariffs.
Given the current momentum, we expect gold to continue its upward trend. The next key resistance levels are projected at 3400 and 3420.
if you like this idea if you have own Opinion about this analysis share in comments i will be Glad.
Gold futures surged 1.9% to 3378.00 amid escalating geopolitical risks and renewed trade tensions. Safe-haven demand intensified following Ukraine's drone strikes within Russian territory and former President Trump's renewed threats of imposing tariffs.
Given the current momentum, we expect gold to continue its upward trend. The next key resistance levels are projected at 3400 and 3420.
if you like this idea if you have own Opinion about this analysis share in comments i will be Glad.
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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.