Gold prices have risen over the past three weeks as investors flocked towards the yellow metal due to its safe-haven appeal in the aftermath of geopolitical tensions that have erupted due to the Israel-Hamas conflict, Deveya said Gaglani, Research Analyst-Commodities at Axis Securities. Prices have risen nearly 8% from lows despite the dollar index's potential recovery, the expert said.
As you can see, gold is very unstable in the market. Economic comments supporting the USD caused GOLD's position to decrease, but the war increased investors' hoarding. Be careful when trading ❤️
As you can see, gold is very unstable in the market. Economic comments supporting the USD caused GOLD's position to decrease, but the war increased investors' hoarding. Be careful when trading ❤️
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Safe-haven demand is strong and gold prices are expected to reach record highs
⚫️Since last weekend, the price of gold jewelry at many gold jewelry stores has exceeded 620 yuan/gram.
⚫️Looking ahead to the market outlook, Ye Qianning, precious metals researcher at GF Futures, believes that tensions in the Middle East could still increase after the Israeli military launched ground operations and pushed up crude oil prices. and gold goes up. Risk appetite, international gold price exceeds 2,000 USD mark after news Due to the impact of external psychology, it is still possible to reach a record high. China's domestic gold price could simultaneously reach new highs as room for the Yuan limits appreciation.
⚫️Since last weekend, the price of gold jewelry at many gold jewelry stores has exceeded 620 yuan/gram.
⚫️Looking ahead to the market outlook, Ye Qianning, precious metals researcher at GF Futures, believes that tensions in the Middle East could still increase after the Israeli military launched ground operations and pushed up crude oil prices. and gold goes up. Risk appetite, international gold price exceeds 2,000 USD mark after news Due to the impact of external psychology, it is still possible to reach a record high. China's domestic gold price could simultaneously reach new highs as room for the Yuan limits appreciation.
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