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Hezbollah suddenly launched "heavy rockets", Israel carried out a large-scale attack on Beirut! Gold surged to 2721. Putin signed significant legislation.
Hezbollah launched heavy rockets at Israel, prompting Israeli forces to launch a large-scale attack on Beirut, causing gold to open high on Monday at $2,721. Putin signed a law exempting new soldiers fighting in Ukraine from debt.
Gold opens with a big rally! After a sharp decline, the price of gold soared nearly $20. Important news from Iran is suddenly released. Two charts to see the technical outlook of gold. How can investors profit and close out?
After the start of the Asia trading session on Monday, spot gold experienced violent fluctuations, with the price once dropping sharply to $2691.68 per ounce, but then the price rebounded significantly, recently peaking at $2721.38 per ounce. Reuters reported that Ali Larijani, a senior adviser to Iran's Supreme Leader, said in an interview on Sunday that Iran is preparing to 'respond' to Israel.
Major news from Trump has triggered a market surge! The dollar plummeted by 70 points, and gold prices experienced a short-term shock of 26 dollars. What exactly is going on?
After the opening of the Asian markets on Monday, the financial market experienced extremely intense fluctuations. The US dollar index opened significantly lower with a gap down, currently falling to 106.80, a sharp drop of 70 points intraday. Bloomberg reported that President-elect Trump nominated Scott Besent to serve as the US Secretary of the Treasury, causing the recent bullish trend of the US dollar to cool down.
Gold surged nearly 6% in a single week! Goldman Sachs: Still the top asset choice for next year.
The surging dollar is no longer a stumbling block preventing gold prices from continuing to rise.
The reason for the sharp increase in gold prices by nearly $47 on Friday! Putin sends an important signal, FXStreet analyst analyzes the technical outlook for gold prices.
On Friday, the gold price broke through the $2700/ounce mark for the first time in over two weeks, driven by the escalating Russia-Ukraine crisis. FXStreet analyst Christian Borjon Valencia pointed out that on Friday, as US Treasury yields declined, gold prices rose to a two-week high. Geopolitical tensions continued to support the gold bid.
Risk aversion is rising, gold is back above the $2700 level.
Recently, gold futures have recorded the largest weekly increase since March 2023, ending three consecutive weeks of decline.