XAUUSD (GOLD) 4H Chart

2 Mar 2022

Gold regained sharply above $1900 on geopolitical tension. Russia's invasion of Ukraine continued for the seventh consecutive day and a huge Russian 40-mile convoy heading to Kyiv. It has increased demand for safe-haven assets like Gold. The bearish US treasury yield supports yellow metal at lower levels. The jump in the US dollar index weighed on yellow metal prices.


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