What's interesting about the gold market trading today?
☁️The global gold price stands at $1,976 per ounce, a slight increase of $10 per ounce compared to the same time yesterday. The precious metal has risen by about 9% in the past two weeks as investors seek to hedge against escalating risks in the Israel-Hamas conflict.
☁️Gold is attempting to break through the psychological resistance level of $2,000 but is unable to sustain its upward momentum due to the ongoing Middle East crisis. The surge in demand from safe-haven buyers has driven prices higher.
☁️Currently, gold is consolidating above the $1,980 level and may test resistance levels in the coming days, despite the increase in US Treasury bond yields.
☁️Gold is attempting to break through the psychological resistance level of $2,000 but is unable to sustain its upward momentum due to the ongoing Middle East crisis. The surge in demand from safe-haven buyers has driven prices higher.
☁️Currently, gold is consolidating above the $1,980 level and may test resistance levels in the coming days, despite the increase in US Treasury bond yields.
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