Spot gold continued its rise yesterday, gaining 3% to close at the level of 3176. This morning also opened with buying momentum, with gold recording its highest historical level at 3220. The decision to delay tariffs, its failure to curb the rise in U.S. bond yields, and the decline in the Dollar Index (DXY) to 100.5 are seen as supportive factors behind gold’s...
Yesterday, although the ounce of gold rose by more than 1% during the day, it ended the session flat at the level of 2983, affected by the decline in global stock markets. This morning, despite falling stock markets and a sharp rise in U.S. bond yields, gold is experiencing buying demand. The ounce of gold has increased by approximately 1.5%.
From a technical...
