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Gold Analysis: Will Sellers Succeed in Breaking the $4000 Psychological Barrier?
The continued strength of the US dollar may renew selling pressure on gold as the new trading week begins. Ahead of the start of trading, skirmishes between the United States and Iran renewed during the negotiation round, threatening investor sentiment and the performance of financial markets, which had experienced a rebound following the announcement of the truce agreement. According to the best gold trading platforms, the yellow metal's recent trading closed around the $4155 per ounce level, and the lowest performance in the same trading week was the support level of $4122 per ounce, the lowest in a week. Moreover, ... (full story)
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