GOLD

Gold is trading above the support zone at $4330. Prices are likely to rise and retest the resistance area at $4420. This scenario becomes invalid if the price breaks below the mentioned support zone during today’s trading.
|
Support |
4300 | 4200 |
| Resistance | 4420 |
4540 |
Gold advanced notably in today’s trading as investors shifted toward safe assets amid rising geopolitical tensions, particularly after developments in Venezuela and uncertainty surrounding U.S. policy. The precious metal benefited from weaker risk appetite in equity and energy markets, which strengthened demand for gold as a store of value. With this performance, gold once again shows its role as a hedging instrument during periods of market unease, as traders keep a close eye on liquidity conditions and global political signals.
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