The safe haven commodity showed renewed vigor after a hospital bombing in Gaza further strained relations in the region ahead of Biden’s visit. US yields rise
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Key levels in forex tend to draw attention to traders in the market. These are psychological prices that tie into the human psyche...Jordan Cancels Biden Talks and US Treasury Yields Unable to Reign in GoldJordan officials called off the planned meeting which was to include the Palestinian, Egyptian and Jordanian heads of state.
The precious metal had already risen by around $63 on Friday as a ground offensive was being priced in. GoldToday’s advance may be crucial for the remainder of the week as price action bounces off the prior trendline resistance , crosses the 200 DMA and would need to be monitored for a potential close above $1937 – the underside of the May-June consolidation pattern that has served as a pivot point thereafter.places gold at risk of soon rising into overbought territory.
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