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The space for a significant rise in Gold has opened! Senior Analyst at FXStreet: Gold prices are expected to soar by more than 40 dollars.
During Wednesday's market in Yashi City, the spot Gold maintained an intraday rebound trend, and the current gold price is around 2750 dollars per ounce.
The reason for the astonishing surge in Gold price by 37 dollars is here! It's not just the threat of tariffs from Trump. How to Trade Gold?
#Gold Technical Analysis# 24K99 news On Tuesday (January 21), influenced by Trump's tariff threats, investors flocked to the safe-haven asset Gold. Additionally, the dollar rose and then fell, while US Treasury yields sharply declined, causing Gold prices to soar to their highest point in over two months.
Trump's tariff threats trigger safe-haven buying, and gold prices are expected to rise by about $25! FXStreet Senior Analyst's analysis on gold trading.
On Tuesday morning in the European market, spot Gold maintained its intraday rebound, currently priced around $2725 per ounce, up about $18 for the day. FXStreet Senior Analyst Dhwani Mehta stated that due to Trump's tariff threats, Gold buyers are turning their attention to $2750 per ounce.
Bullish Sentiment Intact For COMEX Gold
Trump's remarks have driven Gold prices up by nearly $20 intraday! Bulls are targeting this resistance, according to analysis from well-known Institutions on the Trade of Gold.
#Gold Technical Analysis# 24K99 news On Tuesday (January 21), in the Asian market's late trading, spot gold maintained a rebound trend, with the current gold price around 2727 USD/ounce, rising nearly 20 USD during the day.
Trump has stated that a "Global Universal Tariff" may be imposed, and Gold has significantly broken through! Analyst: Gold prices are aiming for historical highs.
On Tuesday during the Asian session, spot Gold maintained a strong rebound, with the current price around 2727 dollars per ounce, having risen nearly 20 dollars during the day. FXStreet Analyst Pablo Piovano stated that Gold prices are still focused on historical highs.