The price of gold has hit an all-time high. The spot price of gold reached a record of $1,944.71 an ounce, well above its previous high in 2011. It later pulled back slightly. Gold traditionally surges in times of turmoil. In this case, the economic impact of the COVID-19 pandemic and US-China tensions are sending investors to this safe haven.
Comment:
according to my prediction before, xauusd is consolidating. most likely will continue the bullish trend, but look at the movement of indices that are likely to affect the xauusd bullish trend.