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Gold Price Analysis: Expanded Geopolitical Tensions Support Gains
As we mentioned before, the increase in global geopolitical tensions is likely to remain supportive of further gains in gold prices, which reached the resistance level of $2,049 per ounce during yesterday's session before stabilizing around $2,036 per ounce at the time of writing. Recently, gold prices rose by $20 yesterday and started this exciting week's trading from the support level of $2,023 per ounce. In addition to the level of the US dollar, the gold market was also affected by bond yields, as US Treasury yields were mixed and erased previous losses after a report indicated that the US labor market may be ... (full story)