Gold Price Forecast: XAU/USD trapped in a $14 range as bulls prepare an assault of $1900 By christianborjon Gold XAUUSD Metals Commodities Macroeconomics
e time of writing, XAU/USD is trading at $1,897. A risk-off market mood kept the safe-haven gold bid through the majority of the week, with four days of gains and one day in the red.In the meantime, the Russia Ukraine narrative keeps grabbing the headlines. In the last couple of hours, tensions have remained unchanged. Ukraine’s intelligence reported that Russian special forces placed numerous explosive devices around local infrastructure in separatist-held territories in Donetsk.
That said, what happened to gold? During Friday’s session, the yellow metal consolidated around the $1,886-$1,900 area, amongst exchanges of statements inmedia between Russia, Ukraine, and NATO countries, keeping uncertainty around the current situation in Ukraine.
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