Gold prices have soared to a new record high of $3,500 per ounce, fueled by a weakening U.S. dollar and escalating concerns over Federal Reserve policies and trade tensions. The dollar index has fallen to 98.164, prompting investors to seek refuge in gold as a safe-haven asset. This surge reflects a strong bullish sentiment, with traders buying into the rally despite traditional overbought indicators.
- Analysts are now eyeing a potential temporary pullback for gold and profit taking.
- Analysts are now eyeing a potential temporary pullback for gold and profit taking.
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GOLDFXCC™ Leading Educational platform—whether you're just starting or an experienced trader, access knowledge and insights to refine your skills and achieve more.
➤ Telegram: t.me/+OYfvKDvM0w81MTJk
♛ Website: bio.site/goldfxcc.com
➤ Telegram: t.me/+OYfvKDvM0w81MTJk
♛ Website: bio.site/goldfxcc.com
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.