XAUUSD 12-8-24 #Geopolitical Crisis #Spotgold
🚨🚨 ALERT ALERT ALERT 🚨🚨⚠️
⚠️‼️"Putin's Frustration Over Kursk Incursion: Could Geopolitical Turmoil Push Gold Prices to $2,590 or $2,320?" ⚠️‼️
Ukrainian forces have advanced into Kursk, capturing key areas and causing major Russian losses. Putin declared a state of emergency in response. The Ukrainians used unexpected tactics, gaining over 250 square km and seizing a major gas hub. Russian defences faltered, with troops abandoning positions and being captured, while reinforcements were hit near Rylsk, possibly due to hacked cameras.
Putin’s Discontent: Russian President Putin’s frustration over the Kursk incursion is evident, as Ukrainian troops make unprecedented advances into Russia.
Geopolitical Impact: The incursion has led to a state of emergency in Kursk, with significant territorial and strategic losses for Russia.
Gold Price Expectations due to this tension: As tensions escalate, gold prices could potentially rise, with market expectations fluctuating between $2,500 and $2,380.
Ukraine's Export Surge: Despite the ongoing conflict, Ukraine has significantly increased its grain exports, reaching over 4.2 million metric tons in July, highlighting the broader economic impacts of the conflict.
Market Insights: The combination of geopolitical instability and disruptions in global grain supplies adds to the uncertainty, potentially driving further interest in gold as a safe-haven asset.
⚠️‼️"Putin's Frustration Over Kursk Incursion: Could Geopolitical Turmoil Push Gold Prices to $2,590 or $2,320?" ⚠️‼️
Ukrainian forces have advanced into Kursk, capturing key areas and causing major Russian losses. Putin declared a state of emergency in response. The Ukrainians used unexpected tactics, gaining over 250 square km and seizing a major gas hub. Russian defences faltered, with troops abandoning positions and being captured, while reinforcements were hit near Rylsk, possibly due to hacked cameras.
Putin’s Discontent: Russian President Putin’s frustration over the Kursk incursion is evident, as Ukrainian troops make unprecedented advances into Russia.
Geopolitical Impact: The incursion has led to a state of emergency in Kursk, with significant territorial and strategic losses for Russia.
Gold Price Expectations due to this tension: As tensions escalate, gold prices could potentially rise, with market expectations fluctuating between $2,500 and $2,380.
Ukraine's Export Surge: Despite the ongoing conflict, Ukraine has significantly increased its grain exports, reaching over 4.2 million metric tons in July, highlighting the broader economic impacts of the conflict.
Market Insights: The combination of geopolitical instability and disruptions in global grain supplies adds to the uncertainty, potentially driving further interest in gold as a safe-haven asset.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.