Gold climbs as Oil rout softens Fed hike bets
Gold has rebounded sharply from the yearly lows, with XAU/USD now approaching its first major test of resistance- Fed could b.
After yesterday's sharp moves, not much is going on today, so I'd like to take this opportunity to step back and look at the whole arc of this war.
Gold has surged at its fastest pace in two months following reports that Donald Trump has called off strikes against Iran. The precious metal extended its rally on news of a deal between Washington and Tehran.
Gold markets continue to see buyers on dips, as we are looking to perhaps recover at this point in time. Ultimately, the market continues to see a lot of volatility.
Our previous outlook for the Precious Metal still stands. Gold managed to start to test the resistance zone of 4350-80 yesterday.
Record: 45% of central banks expect to buy more Gold in the short term
Pakistan Gold price today: Gold rises, according to FXStreet data
India Gold price today: Gold rises, according to FXStreet data
Malaysia Gold price today: Gold rises, according to FXStreet data
It's official: the war is over. The Strait is open.
Gold explodes as US-Iran breakthrough crushes Oil prices