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Geopolitical tensions push gold prices higher

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Cadastral tensions have boosted XAU prices
This weekend, the US Consumer Price Index (CPI), Producer Price Index (PPI) and Retail Sales will be released and may give some hints about the economic outlook and inflation trajectory. broadcast.
Senior FED officials have given information that cutting interest rates in 2024 is appropriate, citing inflation still rising in the first few months of the year. Cutting interest rates in 2024 is appropriate, given that inflation remained elevated in the first few months of the year.
On the other hand, the Israeli army announced that it conducted military operations in northern Gaza overnight and "precision operations" targeted the east, near the Rafah border, as well as in the Zeitoun neighborhood, the center Gaza
Ongoing geopolitical tensions in the Middle East have contributed to the increase in the price of gold, a traditional safe-haven asset.
Comment:
BUY XAU 2357 - 2355
TP1: 2365
TP2: 2370
SL: 2350

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