Cannot fetch data from server.

Gold is hovering around 2800

0 12

GOLD

الذهب

Gold is moving in an upward trend in the medium term, creating potential for prices to rise and form new highs. However, if prices break below the $2760 area, we may see a retest of the support area at $2710.

Support

2760 2710 2675
Resistance 2800 2850

Gold’s performance in the recent period has shown noticeable fluctuations, with its price oscillating between upward and downward levels influenced by global economic factors such as inflation, interest rates, and geopolitical tensions. After reaching high levels earlier this year driven by increased demand as a safe haven amid economic instability, gold prices slightly declined as U.S. bond yields and the dollar strengthened, competing with gold as a preferred investment.

Monetary policies, particularly the interest rate hikes by the U.S. Federal Reserve, have raised the opportunity cost of investing in gold, impacting its performance and drawing investors toward fixed-income assets. However, ongoing concerns about inflation and slower economic growth may increase demand for gold as a hedge against crises.

Overall, gold continues to hold its position as a key investment asset, especially during times of economic instability, as it attracts liquidity and enhances portfolio value.

You can now benefit from LDN company’s services through the LDN Global Markets trading platform.

Leave A Reply

Your email address will not be published.