Putin suddenly reveals a "rare" new type of deadly missile! Gold prices surge, reaching a high of 2690. FXEmpire's latest technical analysis on gold and the dollar.
Putin stated that Russia attacked Ukraine with a new type of missile, emphasizing that the usa is powerless to stop this new type of missile, which triggered gold to soar in the Asian market on Friday, reaching 2,690 dollars.
A sudden major event in gold! Gold prices surge past $2685 as North Korea's leader issues a shocking warning. FXStreet senior analyst analyzes the technical outlook for gold prices.
On Friday during the Asian market, spot gold suddenly surged sharply, with gold prices just breaking through 2,685 dollars per ounce, a daily increase of nearly 17 dollars. FXStreet senior analyst Pablo Piovano wrote that under the support of geopolitical tensions, gold prices continue to rise. Currently, the short-term upward resistance for gold prices is at 2,700 dollars per ounce.
Breaking news from the Russia-Ukraine battlefield! Putin suddenly makes an important announcement. Gold price soared nearly $20. How to trade gold?
On Thursday, due to escalating tensions between Russia and Ukraine, safe-haven demand soared, with the spot gold price rising for the fourth consecutive trading day and hitting a high point of over a week. David Meger, Managing Director of Metal Trading at High Ridge Futures, said, "In the past few days, this has indeed been the major geopolitical factor affecting the gold market, with the escalating tensions between Russia and Ukraine being the most noteworthy market driver."
Industry experts: Gold pullback may provide a good buying opportunity.
On November 22, according to China Securities Journal, the international gold price has once again surged after a correction. Many domestic and foreign institutions expressed a bullish outlook on the medium to long-term investment potential of gold, and the recent pullback provides a good opportunity to buy; gold remains an effective symbol for diversifying portfolio risks.
Zheshang: Why can gold still be bought?
The prospects of "expansive fiscal policy + re-inflation" are becoming clearer, the trend of deteriorating dollar credit is difficult to reverse, and central bank demand for gold is expected to continue to strengthen, thus driving a long-term bull market for gold. In the future, we may see a long-term decoupling of real interest rates, the usd, and gold.
Two major pieces of news from Russia and Ukraine, gold surges again! Gold price soars nearly $15 within the day. How to trade gold.
In early European trading on Thursday, spot gold accelerated its short-term rise, with the price approaching $2665 per ounce, a nearly $15 surge intraday. FXStreet senior analyst Dhwani Mehta pointed out that the gold price is at its highest level in over a week. Geopolitical risks continue to support the traditional safe-haven gold prices.