The chart looks a tad dangerous with a series of lower highs but you could equally argue that a period of consolidation is overdue after a long runup from $1700, with only a short pause at $2600.
What I'm most impressed by is the gold has generated some recent upward momentum at a time when trade tensions are falling. The unwind of the Liberation Day move in equities initially hit gold too but it stabilized in mid-May and is now just $125 from the all-time high.
A wild card at the moment is Russia and how it will respond to Ukraine. Is a tactical nuclear weapon out of the question?
This article was written by Adam Button at www.forexlive.com.Hence then, the article about gold posts a solid gain but there are challenges was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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