Gold Prices Jump on Increased Demand for Safe-Haven Assets
Gold prices climbed on Friday, driven by heightened global uncertainty and increased demand for safe-haven assets.
Safe-Haven Demand Fuels Gold Price Rally
Investors seek refuge in gold amid Middle East tensions, economic concerns, and COVID-19 pandemic worries.
Expert Trading Tips and Analysis for Gold, Silver, Crude Oil, and Natural Gas
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- Gold Trading Tips: Consider buying gold on dips, targeting $1,750.
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Key Market Data:
- Gold prices rose 1.2% to $1,732/oz
- US Treasury yields fell 2 basis points
- US Dollar Index dropped to 103.45
Market Outlook:
The current market sentiment is bullish for gold.
Technical Analysis: Gold Prices
- Support levels: $1,720, $1,700
- Resistance levels: $1,750, $1,770
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