Market Analysis for Today

During the early North American trading session on Monday, gold prices surged to a new high of $2,956, as the US dollar remained strong while US yields stayed almost unchanged.

Uncertainty continues to underpin the price of gold bars. It's now the last week of February, and following President Trump's postponement of tariffs, we observe no easing of tensions among the United States, Canada, and Mexico. Over the coming days, various countries will also discuss cooperation with the United States to combat fentanyl trafficking and illegal immigration.

Gold opened at around 2938 and rose to around 2949at the highest and around 2937 at the lowest before press time.Pay attention to the resistance of 2980-2990-3000 If it fails to break through, it will test 2930-2920-2910