Gold has not stopped increasing in price

In the world, the price of gold soared to 2,151.34. Gold prices increased sharply and reached historic peaks in the context of many major central banks in the world, in which the US Federal Reserve (Fed) is likely to introduce looser monetary policies. In addition, continuing geopolitical tensions in the Middle East are also beneficial for gold prices - a safe investment channel.

The important reason why gold prices are rising is that we are seeing the market increasingly believe that the Fed is getting closer to cutting interest rates.

Since the Israel-Hamas war broke out in the Gaza Strip last October, world gold prices have now increased by more than 400 USD/ounce. Gold prices may not rise much higher in the short term, but I think that in the second quarter, gold prices could surpass the threshold of 2,300 USD/ounce.

Comment:
US indices pushed marginally higher over the week although Friday’s sell-off, noticeable in the Nasdaq, is worth taking note of. Friday’s sell-off, while damaging, still leaves Nasdaq in a bullish trend with the indices making an unbroken series of higher lows and higher highs over the past five months.

6 hours ago
Comment:
Gold is consolidating around $2,180/oz. in early trade and may well move further higher. The daily chart is positive and the fundamental backdrop remains supportive. Again with gold in all-time territory, accurate price predictions can be difficult. Big figure resistance at $2,200/oz. may come into play shortly.

（Source from: TV-FOREX-FLOWS-GROWL）