➡️ Gold remains firm after another strong jobs report. Talk of civilian deaths during the occupation of the Kiev region by Russian troops and the potential for new sanctions will continue to support the demand for safe assets.
A ceasefire in Ukraine and de-escalation remains elusive, risk aversion is likely to keep the yellow metal alive. While geopolitical tensions and the yield curve signal renewed investor interest in gold, downside risks are more prevalent amid a hawkish Fed backdrop and as negotiators continue to work towards a ceasefire.
Technically, the instrument still looks towards 1959.405. The upward movement will continue, as expected, within the balance of 1917.520 - 1950.
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