GOLD
Gold is trading below the resistance zone of $34,500, and this area is likely to limit the pace of the upward movement in today’s trading.
|
Support |
3400 | 3325 | 3280 |
| Resistance | 3450 | 3500 |
– |
Gold prices witnessed a strong surge during today’s trading session, with the ounce surpassing the $3,425 level, supported by a weakening U.S. dollar and declining bond yields, in addition to rising geopolitical tensions worldwide.
From a financial perspective, gold has risen by approximately 27% since the beginning of the year, making it one of the best-performing assets in 2025 so far. However, some financial institutions warn of a potential price correction in the coming months, especially if global economic growth improves or political tensions ease. For now, gold remains an attractive safe haven, but investors are advised to remain cautious and manage risk in anticipation of any sudden reversal in trend.
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