Gold News: Gold Market Braces for Bullish Gap Opening as Safe-Haven Demand Surges
From fxempire.com
Traders will be eyeing the spot gold opening on Sunday amid the U.S.-Iran war. Some speculators are anticipating a new all-time high, given the expected volatility. With strikes on Iran by the U.S. and Israel intensifying throughout the weekend, uncertainty across global equity markets is also expected to rise, with investors likely to turn to gold as the best safe-haven asset. We’ve read the news and we’ve seen the videos so we expect to see gold open sharply higher, how far it extends after the initial surge will depend on how long the war could last and how long it will take for professional money managers around ...
(full story)