News of geopolitical instability still exists
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Gold prices continued to increase in the early trading sessions of the week thanks to escalating tensions in the war in the Middle East.
Gold experienced a steady rise near the weekend thanks to geopolitical tensions and weakness in the US dollar. The coordinated attack between the US and UK on the Houthi rebels in Yemen in recent days has made the market concerned that the war situation may gradually get worse.
In addition, US government bond yields have also decreased slightly in the past month as the market continues to expect the Fed to cut interest rates in the near future.
Gold experienced a steady rise near the weekend thanks to geopolitical tensions and weakness in the US dollar. The coordinated attack between the US and UK on the Houthi rebels in Yemen in recent days has made the market concerned that the war situation may gradually get worse.
In addition, US government bond yields have also decreased slightly in the past month as the market continues to expect the Fed to cut interest rates in the near future.
Note
BUY XAUUSD 2048 - 2045TP1 2050
TP2 2060
SL 2040
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