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Gold prices have started the week in demand

From tickmill.com

Gold prices have started the week in demand with gold back in the green again last week’s rally. While prices are a little off last week’s highs for now, the near-term outlook remains geared towards further gains as equities markets come under pressure. Risk sentiment has taken a hit over the weekend as global omicron concerns ratcheted higher. In Europe, a number of countries have had to introduce fresh restrictions, including curfews and lockdowns in places, in a bid to tackle soaring omicron numbers. The UK is said to be mulling further measures also, with speculation that a Christmas lockdown might be needed. ... (full story)

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  • Category: Technical Analysis