Positive signals appeared causing gold to recover as Middle East
The current spot price for gold on the global market is approximately $1,856 per ounce. The price of gold delivered at Comex New York in December was $1,872/oz. Gold prices rose after Israel refused to make peace with Hamas. Both Israel and Hamas appear determined to continue their attacks. Talks have begun between the EU, the US, the United Arab Emirates, Saudi Arabia, Jordan and Qatar, but it is seen as too early to reach an agreement. After Israel declared war, the price of gold rose as the price of crude oil, which is closely related to gold, rose.
gold price prediction
Experts at Leader Capital Markets told Reuters the dispute is likely to be long and severe.
ANZ Bank experts expect oil prices to continue rising in the near future. The recent rise in oil prices is also due to a decline in supply due to reduced production in OPEC+ countries. Iran's export cuts could cause supply bottlenecks in the fourth quarter. When the world is unstable, gold is often seen as protection from the storm. The ongoing conflict between Israel and Hamas is likely to prompt a shift towards safe-haven investments such as gold and the US dollar.
Currently, many organizations do not provide gold price forecasts. Much is said to depend on how long the conflict lasts and how tense the situation becomes.
gold price prediction
Experts at Leader Capital Markets told Reuters the dispute is likely to be long and severe.
ANZ Bank experts expect oil prices to continue rising in the near future. The recent rise in oil prices is also due to a decline in supply due to reduced production in OPEC+ countries. Iran's export cuts could cause supply bottlenecks in the fourth quarter. When the world is unstable, gold is often seen as protection from the storm. The ongoing conflict between Israel and Hamas is likely to prompt a shift towards safe-haven investments such as gold and the US dollar.
Currently, many organizations do not provide gold price forecasts. Much is said to depend on how long the conflict lasts and how tense the situation becomes.
✉️ PREMIUM CHANNEL ✉️
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/forextradingbullbear
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/forextradingbullbear
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.