Gold trading strategy today, uptrend
Today's gold price is trading at 2,352 USD/ounce, a sharp increase of 18 USD compared to the previous day's opening price of 2,334 USD/ounce.
World gold prices fluctuated in the context of data from the Commodity Futures Trading Commission (CFTC - US) showing that gold investment funds increased their buying positions by 194,000 contracts.
This information can make many investors expect the gold market to heat up. Therefore, they took advantage of putting capital into this precious metal. Gold price today has upward momentum.
On the other hand, the world geopolitical situation becomes more complicated as the military conflict between Israel and Hamas forces becomes increasingly tense. Since then, many financial institutions have increased their need to shelter capital in gold. Today's increase in gold prices in the world is understandable.
World gold prices fluctuated in the context of data from the Commodity Futures Trading Commission (CFTC - US) showing that gold investment funds increased their buying positions by 194,000 contracts.
This information can make many investors expect the gold market to heat up. Therefore, they took advantage of putting capital into this precious metal. Gold price today has upward momentum.
On the other hand, the world geopolitical situation becomes more complicated as the military conflict between Israel and Hamas forces becomes increasingly tense. Since then, many financial institutions have increased their need to shelter capital in gold. Today's increase in gold prices in the world is understandable.
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