2024-11-09 10:37
IndustryGold rebounds after pullback on increasing geopoli
Gold recovers, aided by a rise in geopolitical risks after a steep sell-off on the previous day.
Speculation that a BRICS Gold-backed currency could become an alternative to the US Dollar also drives flows.
XAU/USD continues to look bullish as its overall uptrend remains intact and the commodity keeps making higher highs.
Gold (XAU/USD) recovers to trade back in the $2,720s on Thursday, after a 1.2% sell-off on the previous day, most probably driven by profit-taking. The precious metal is once again on the rise on the back of continued safe-haven flows as the conflict in the Middle East continues with no sign of resolution.
Like 0
FX1805501044
Trader
Hot content
Industry
Event-A comment a day,Keep rewards worthy up to$27
Industry
Nigeria Event Giveaway-Win₦5000 Mobilephone Credit
Industry
Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
Industry
South Africa Event-Come&Win 240ZAR Phone Credit
Industry
Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit
Industry
[Nigeria Event]Discuss&win 2500 Naira Phone Credit
Forum category
Platform
Exhibition
Agent
Recruitment
EA
Industry
Market
Index
Gold rebounds after pullback on increasing geopoli
| 2024-11-09 10:37Gold recovers, aided by a rise in geopolitical risks after a steep sell-off on the previous day.
Speculation that a BRICS Gold-backed currency could become an alternative to the US Dollar also drives flows.
XAU/USD continues to look bullish as its overall uptrend remains intact and the commodity keeps making higher highs.
Gold (XAU/USD) recovers to trade back in the $2,720s on Thursday, after a 1.2% sell-off on the previous day, most probably driven by profit-taking. The precious metal is once again on the rise on the back of continued safe-haven flows as the conflict in the Middle East continues with no sign of resolution.
Like 0
I want to comment, too
Submit
0Comments
There is no comment yet. Make the first one.
Submit
There is no comment yet. Make the first one.