Gold Falls to 4321 as War and Rate Pressures Persist
Gold recorded its fourth down week in five, settling at 4321 amid ongoing war and rising interest rates. The metal sits just above a key parabolic trend flip level at 4190.
Gold Market
Gold recorded its fourth down week in five, settling at 4321 amid ongoing war and rising interest rates. The metal sits just above a key parabolic trend flip level at 4190.
Gold has been stuck between $4,250 and $4,400 per ounce. The usual negative correlation with Treasury yields has broken down, as US fiscal concerns and central bank buying support the metal.
Gold reached three-month highs above $4,650 on Monday, extending last week's gains as the US dollar weakened on tariff tensions, fading rate hike expectations, and safe-haven demand.