Gold prices climbed to their highest levels since May, hitting a six-month high of $2,017.82 an ounce on Monday.
Gold prices closed above $2,000 an ounce on Friday, recording a second straight week of gains and bolstering market confidence that gold's rise is justified. In the second half of November, U.S. economic data weakened, increasing expectations that the Federal Reserve would cut interest rates early next year, boosting gold prices. Investor concerns about the conflict between Israel and Hamas also boosted gold prices.
If you don't know how to trade yet, you are welcome to come to my information space to communicate with me.
Note
trade analysisNote
trade analysisNote
trade analysisNote
trade analysisNote
trade analysis
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.