The reason for the sudden surge in gold prices has been identified! How will gold prices move next? FXStreet analyst's latest analysis on gold trade.
On Friday during the Asian market, spot gold suddenly surged significantly, with the current gold price surpassing the $2660 per ounce mark, rising $23 intraday. FXStreet analyst Haresh Menghani noted that, from a technical perspective, the gold price broke through the $2649-$2650 per ounce barrier during the day, which is seen as a key trigger by bulls.
Eastern European central banks are aggressively purchasing gold, becoming the largest buyers globally. Will gold prices rise to 3000 dollars?
Central banks in Eastern European countries are accelerating their gold purchases to diversify investments and cope with external shocks, with the Czech Republic, Poland, Serbia and other countries becoming the largest buyers of gold together.
Gold's explosive market situation strikes! Gold prices fell nearly 18 dollars in a short time. FXStreet's chief analyst analyzes the technical outlook for gold.
On Thursday, during the early trading session in the Asian market, spot gold suddenly plunged sharply, just dropping near $2621 per ounce. FXStreet's chief analyst Valeria Bednarik said that due to the bearish control situation, gold fell from its daily highs, facing the risk of further decline.
Gold prices suddenly surged in the short term! Gold prices are nearing key levels according to the latest trade analysis from well-known institutions.
On Wednesday afternoon in the Asian market, the spot gold suddenly experienced a short-term surge, with the current price rising to around $2644 per ounce, a strong increase of $11 within the day. According to Economies.com, if the gold price breaks through $2645.00 per ounce and maintains above this level, it will stop the bearish scenario and open up space for further significant rise in gold price.
Recent gold futures have seen the largest drop in four years, but analysts say that Trump's tariff threats could boost the outlook for gold prices.
Gold futures prices closed flat in New York on Tuesday, with the near-month gold futures seeing the largest drop in four years.
Trump, Middle East ceasefire, and major news in Russia-Ukraine! After a sharp drop in the gold price, how to trade gold price?
On Tuesday, spot gold rebounded significantly after touching a one-week low near $2605 per ounce, eventually closing above $2630 per ounce. FXStreet analyst Christian Borjon Valencia pointed out that Trump's tariff threats have raised concerns about a global trade war, providing support for the gold price. In addition, the decline in gold prices has been limited by the escalation of the conflict between Ukraine and Russia.