Gold spikes amid tensions but can't shake off weekly losses☄️
➡️Gold gains 0.67% in late session, but geopolitical strife keeps it above $2,600 despite monthly losses.
Escalation in Russia-Ukraine conflict and Middle East tensions underline Gold's safe-haven appeal.
Market optimism grows for a 25 bps Fed rate cut in December, bolstering Bullion’s short-term prospects.
➡️Gold's price advanced late during the North American session on Friday, up by 0.67%, yet it remains set to print monthly losses of over 3%. Geopolitical risks continue to drive price action with the non-yielding metal fluctuating at around $2,600. The XAU/USD trades at $2,652 after hitting a daily low of $2,634.
➡️Geopolitical tensions eased in the Middle East after Israel and Lebanon agreed to a ceasefire. Nevertheless, both countries accused each other of violating the agreement.
➡️Gold gains 0.67% in late session, but geopolitical strife keeps it above $2,600 despite monthly losses.
Escalation in Russia-Ukraine conflict and Middle East tensions underline Gold's safe-haven appeal.
Market optimism grows for a 25 bps Fed rate cut in December, bolstering Bullion’s short-term prospects.
➡️Gold's price advanced late during the North American session on Friday, up by 0.67%, yet it remains set to print monthly losses of over 3%. Geopolitical risks continue to drive price action with the non-yielding metal fluctuating at around $2,600. The XAU/USD trades at $2,652 after hitting a daily low of $2,634.
➡️Geopolitical tensions eased in the Middle East after Israel and Lebanon agreed to a ceasefire. Nevertheless, both countries accused each other of violating the agreement.
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HELLO DEAR TRADER FOREX GOLD BTC SIGNAL FREE MY TELEGRAM CHANNEL; t.me/+--cs5g1N95lmYWZk t.me/+--cs5g1N95lmYWZk
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.