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Analysis of today's market
Abstract：Gold prices have risen for the third consecutive day, with the surge in market risk aversion boosting safe-haven assets. Gold has gained over 3.40% this week, and buyers are eyeing the $2,700 mark.
Gold prices have risen for the third consecutive day, with the surge in market risk aversion boosting safe-haven assets. Gold has gained over 3.40% this week, and buyers are eyeing the $2,700 mark.
Last week, gold plunged to a two-month low of $2,536, primarily due to investors booking profits after President Donald Trump's victory in the U.S. election. Concerns that some of his proposals could trigger a resurgence in inflation led to a spike in U.S. Treasury yields and supported the dollar. With these multiple influences dissipating, gold once again found support.
Gold opened at around 2649 and rose to around 2660 at the highest and around 2648 at the lowest before press time.Pay attention to the resistance of 2670-2680-2690 If it fails to break through, it will test 2640-2630-2620
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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