The gold price has just hit a new high, approaching the first call target! Breaking through this level may trigger a bigger uptrend. Well-known institutions analyze gold trading.
On Wednesday afternoon in the Asian market, spot gold maintained its rebound trend intraday, with the gold price currently near $2,784 per ounce, having set a new record high earlier. According to Economies.com, gold has reached a new record high, with the first call target now at $2,785.00 per ounce, breaking through this level will open up further room for gold to rise.
Gold buyers are ready to challenge 2800! Significant US data arrives, FXStreet's chief analyst provides technical analysis of gold prices.
During Wednesday's Asian market session, spot gold maintained its intraday uptrend, with the price of gold currently standing at $2780 per ounce. FXStreet's chief analyst Valeria Bednarik wrote that the reasons for a bullish outlook on gold remain solid, and buyers are now targeting a test of $2800 per ounce.
Israel just received a major news! The usa called it a "terrible incident" as gold just hit a new all-time high approaching $2780.
On Wednesday, in the early Asian market, spot gold continued its upward trend, with the price just touching $2,779.88 per ounce, hitting a historic high. The latest news from the Middle East reports that on Tuesday, Israel launched an attack on a residential building in the northern town of Beit Lahia, Gaza, resulting in at least 93 Palestinians dead or missing. The United States called this event "shocking".
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Caixin News October 30th (Editor Zhao Hao) On Tuesday (October 29th), in the morning trading of the New York market, the spot gold price rose significantly, once breaking through the $2770 level, reaching a high of $2771.81 per ounce, continuing to hit a new record high. As of the time of writing, the spot gold daily chart shows a slight pullback to $2766 per ounce, with an intraday increase of over $20 or 0.8%, poised to record the fourth straight daily increase. At the same time, the continuous price of gold futures also briefly refreshed to $2784, currently at $2778 per ounce. Analysts believe that investors are focusing on macroeconomic data in the usa.
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