World gold prices continued to rise amid a weakening US dollar. The US Dollar Index – a measure of the greenback’s strength against six major currencies – fell 0.49% to 106.145 points.
Risk aversion remains high in the market due to geopolitical tensions and new tax policies. The US has just imposed tariffs on goods imported from Mexico, Canada and China. In response, these countries have also applied retaliatory measures, affecting about $1,000 billion of global trade.
China is likely to let the yuan depreciate to reduce the impact of tariffs and boost exports. If the yuan continues to weaken, many investors in China may flock to gold as a safe haven.
Asian and European stock markets are trending lower, while US stocks are also forecast to open with slight losses.
SUPPORT : 2900 , 2892
RESIST : 2930 , 2950
Risk aversion remains high in the market due to geopolitical tensions and new tax policies. The US has just imposed tariffs on goods imported from Mexico, Canada and China. In response, these countries have also applied retaliatory measures, affecting about $1,000 billion of global trade.
China is likely to let the yuan depreciate to reduce the impact of tariffs and boost exports. If the yuan continues to weaken, many investors in China may flock to gold as a safe haven.
Asian and European stock markets are trending lower, while US stocks are also forecast to open with slight losses.
SUPPORT : 2900 , 2892
RESIST : 2930 , 2950
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PREMIUM CHANNEL ✉️
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/xauusdtradingfx
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/xauusdtradingfx
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.