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Gold's technical aspects have broken significant levels! Important news regarding the ceasefire between Russia and Ukraine, causing Gold prices to surge nearly 18 dollars. How to Trade Gold?
On Wednesday (March 12), due to uncertainty around tariffs driving Capital Trend towards safe havens, the cooling of inflation in the USA kept market expectations for a Federal Reserve interest rate cut unchanged. Additionally, market optimism regarding a ceasefire between Russia and Ukraine has diminished, resulting in a significant rise in Gold prices, breaking through the recent Trade Range.
Safe-haven Gold Rises Again, Aided by Tariff Uncertainty and Cooler Inflation Report
Gold Rises as Dollar Slumps After U.S. Inflation Slowed More Than Expected Last Month
USA CPI is here, be careful as Gold faces a major breakout! FXStreet senior Analyst's latest analysis on Gold price Trade.
In the early trading on Wednesday in the European market, spot Gold maintained a moderate increase during the day, with the current price around $2917 per ounce. Investors are waiting for the USA CPI data. FXStreet senior Analyst Dhwani Mehta wrote that in the early trading on Wednesday, Gold was cautiously trading above $2900 per ounce, as buyers weighed the Global tariff war while preparing for the highly anticipated USA CPI data.
Institution Trade Plan: With risk aversion emotions rising again, will Gold strive to reach a new high? (News edition)
Gold support is accurately verified, and there are still opportunities to go long above this level of the US dollar index. There are signs of weakening upward momentum in the Euro and the US dollar, and the space for the British pound to US dollar pullback is limited...
Gold Trade Reminder: This major event is bound to ignite the market! FXStreet's chief Analyst analyzes the technical outlook for Gold.
On Wednesday (March 12), during the Asian market, spot Gold maintained a strong trend after a significant increase yesterday, with the gold price currently around $2,919 per ounce.