The gold price has recently shown a certain trend of fluctuation and weakness, especially against the backdrop of a sharp rise in oil prices, leading to a tug-of-war in the gold market.
With the dramatic volatility of oil prices, the US dollar and US Treasury yields have also risen in tandem, becoming one of the main factors suppressing gold prices.
Nevertheless, due to the geopolitical tensions in the Middle East, the demand for gold as a safe-haven asset still exists, supporting part of the upward momentum in gold prices. The market's focus is gradually shifting towards oil price trends and the evolution of the situation in the Middle East, and it is expected that gold prices will continue to be influenced by these factors in the short term.
Gold suggestion: You can decisively buy near 5165, with targets of 5200, 5250, 5300.
With the dramatic volatility of oil prices, the US dollar and US Treasury yields have also risen in tandem, becoming one of the main factors suppressing gold prices.
Nevertheless, due to the geopolitical tensions in the Middle East, the demand for gold as a safe-haven asset still exists, supporting part of the upward momentum in gold prices. The market's focus is gradually shifting towards oil price trends and the evolution of the situation in the Middle East, and it is expected that gold prices will continue to be influenced by these factors in the short term.
Gold suggestion: You can decisively buy near 5165, with targets of 5200, 5250, 5300.
