Gold gained sharply after hitting an 8-month as Russia and Ukraine tension escalates. The exchange of fire between Kyiv's forces and pro-Russian separatists has affected market sentiment. The number of people who have filed for unemployment benefits rose to 248000 the previous week compared to a forecast of 217000. Philly fed manufacturing index dropped to 16.6 in Feb vs. an estimate of 19.90. Factors to watch for gold price action- Global stock market- Bearish (positive for gold) US dollar index –Bearish (positive for gold) US10-year bond yield- Bearish (positive for gold)
DISCLAIMER: ((trade based on your own decision )) <<press like👍 if you enjoy💚>>