Safe-haven inflow pushes Gold Further away from channel
There has been a surge in the demand for
GOLD
due to the renewed tension in the Middle East. As investors seek a haven for their assets, the price of the yellow metal has increased by over 1% leading up to the New York trading session.
With a clear break away from a descending channel, the bulls will feed on further geopolitical tension to override the strong resistance around 1948.13 and 1953.55.
GOLD
due to the renewed tension in the Middle East. As investors seek a haven for their assets, the price of the yellow metal has increased by over 1% leading up to the New York trading session. With a clear break away from a descending channel, the bulls will feed on further geopolitical tension to override the strong resistance around 1948.13 and 1953.55.