GOLD

Gold is trading above the support level of $3,920, and this area is likely to limit the pace of the decline during today’s trading.
|
Support |
3920 | 3760 | – |
| Resistance | 4065 | 4250 |
– |
Gold prices witnessed a slight decline today in the financial markets, affected by the rise of the U.S. dollar and increased investor appetite for yield bearing assets. Globally, gold fell amid a wave of optimism about the U.S. economy and expectations that interest rates may remain high for longer than anticipated, reducing the appeal of the precious metal as a safe haven. This decline reflects a cautious sentiment in the markets as traders await new signals from central banks regarding the future direction of monetary policy.
You can now benefit from LDN company’s services through the LDN Global Markets trading platform.




