Gold Costs, XAU/USD, Iran Rigidity – TALKING POINTSXAU/USD about to face promoting strain, bearish correction?Gold prices seeking
Gold Costs, XAU/USD, Iran Rigidity – TALKING POINTS
- XAU/USD about to face promoting strain, bearish correction?
- Gold prices seeking to retest resistance-now-turned help?
- Cooling Iranian tensions sapping demand for anti-fiat hedges
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Jan 13
( 04:01 GMT )
Recommended by Dimitri Zabelin
Geopolitical Risks Affecting Markets in the Week Ahead
Gold costs have risen virtually six p.c following the breakout above the September descending resistance channel. XAU/USD’s sturdy ascent was supported by various components, together with the weakest US ISM manufacturing knowledge since 2009 on January 3. This led to a spike in gold costs which then went on to expertise their largest one-day soar since August.
December Minus January Federal Funds Futures Contract, Gold Costs – Each day Chart
XAU/USD chart created utilizing TradingView
The yellow…