Gold Climbs on Anticipated Safe-Haven Demand — Market Update

9 Ağu 2023

With the possibility of increased safe-haven demand, gold shows a morning rise in the Asian session. Edward Moya, Oanda's senior market analyst, points out that the precious metal seems to be reassuming its role as a safe haven, attributing this to factors like disappointing China trade data, downgrades in the ratings of certain U.S. regional banks, and a mix of earnings. Moya anticipates that if the global economic outlook worsens, gold could attract more interest. Currently, spot gold records a 0.2% increase at $1,928.39 per ounce.

GOLD BUY LIMIT 1923 -1925💯💯

✅ TP1: 1929
✅ TP2: 1935

🛑 SL: 1918