Fundamental Overview
The price of spot gold surged during the beginning of the American session and is currently hovering around 2,019.33$ per troy ounce, which is a new three-week high. At the start of the day, the US Dollar appeared to be strong, but it took a significant hit after the release of unimpressive US data and a decrease in government bond yields. Additionally, the stock markets experienced a sharp decline due to concerns about the banking sector, leading to an increase in demand for the safe-haven metal.
It is forecasted that the 2000-2005 price range will have a slight correction
Plan trade in the intro
The price of spot gold surged during the beginning of the American session and is currently hovering around 2,019.33$ per troy ounce, which is a new three-week high. At the start of the day, the US Dollar appeared to be strong, but it took a significant hit after the release of unimpressive US data and a decrease in government bond yields. Additionally, the stock markets experienced a sharp decline due to concerns about the banking sector, leading to an increase in demand for the safe-haven metal.
It is forecasted that the 2000-2005 price range will have a slight correction
Plan trade in the intro
Trade active
Trade active
