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Gold Price Forecast: XAU/USD bulls hang in there as geopolitcal headlines come to the fore

From fxstreet.com

The gold price is settling in for the end of the North American session around flat for the day having traveled between a low of $1,655.71 and a high of $1,684.95 so far. The yellow metal has found demand on renewed geopolitical concerns following Russia's president, Vladimir Putin, saying he will pour more troops into his war against Ukraine while threatening to use nuclear weapons. In the face of battlefield setbacks, the Russian leader has doubled down. Russia will mobilize 300,000 additional troops — a number larger than the original invasion force — and Moscow also appears poised to annex Ukrainian territory ... (full story)

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  • Category: Technical Analysis