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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests $4800 As Dollar Retreats

From fxempire.com

Gold is moving higher as traders focus on weaker dollar, falling Treasury yields, and geopolitical developments. Israel said that direct negotiations between the country and Lebanon will begin next week. The first meeting will take place in Washington between ambassadors. Iran has previously noted that Lebanon was part of a ceasefire deal, while Israel insisted that its operation in Lebanon against Hezbollah would continue. Traders view recent changes in Israel’s position as a sign indicating that U.S. and Iran would reach a peace deal and the Strait of Hormuz would be fully unblocked. Oil prices pulled back from ... (full story)

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  • Category: Technical Analysis