Gold Spot / U.S. Dollar
Long
Updated

Gold Safe-Haven Demand Rises on Geopolitical Trade Tensions

119
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.
Trade active
snapshot
Entry now

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.