The escalation of military action in Gaza lent gold a further bid at the end of last week, pushing the precious metal above $2,000/oz. for the first time in 5 months.
While the geopolitical bid is the main driver of gold’s price action, the economic calendar this week contains a handful of high importance data releases and events that could also affect the price of the precious metal. This week sees policy decisions from the Federal Reserve, the Bank of Japan, and the Bank of England, all of which are capable of springing a surprise and fueling volatility.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.a registered Introducing Broker with the Commodity Futures Trading Commission and is no longer a Member of the National Futures Association in the U.S. Any and all information provided by FXP is not intended for use by U.S. residents or individuals domiciled in the U.S.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD buyers recapture $2,000, what’s next?Gold price has entered a phase of consolidation at the start of a new week, following a massive surge to a fresh five-month high of $2,009 set last Fr
Read more »
Why a big loss to Texas shouldn’t change your perception of who BYU isEven after big loss to Texas, BYU’s season outlook still remains unchanged
Read more »
Gold, Silver Forecast: Bullish Run Cools but Upside Potential RemainsGold and silver have witnessed a week of relative calm despite continued potential for conflict escalation. Elevated US yields keep gold below $2000 for the time being
Read more »
Gold aims for stabilization above $2,000 amid Middle East tensions, Fed policy eyedGold price (XAU/USD) delivered a moderate corrective move after printing a fresh five-month high. The precious metal slips marginally as investors tur
Read more »
Gold price trades near its highest level since May on the back of geopolitical risksGold price (XAU/USD) advanced beyond the $2,000 psychological mark on Friday, hitting its highest level since May 16 and registering a third straight
Read more »
Gold Price Forecast: XAU/USD gains momentum above $2,000 amid the geopolitical risks, Fed rate decision eyedGold Price (XAU/USD) gains momentum to the $2,003 psychological mark during the early Asian trading hours on Monday. The yellow metal rose above the $
Read more »