Gold continues its strong upward climb!
Spot Gold has reached around $4,601 per ounce, recording its highest level since May 15, with a trend that is set to deliver weekly gains for the third consecutive time.
📈 Key drivers:
• Weakness in the U.S. dollar
• Growing concerns about U.S. debt
• U.S. Treasury moves in the bond market
• Gold breaking above its 200-day moving average, strengthening technical momentum.
Gold is back in the spotlight… could $5,000 be the next stop?
$XAUT $XAU $PAXG
#SpotGoldHitsHighestSinceMay15
Spot Gold has reached around $4,601 per ounce, recording its highest level since May 15, with a trend that is set to deliver weekly gains for the third consecutive time.
📈 Key drivers:
• Weakness in the U.S. dollar
• Growing concerns about U.S. debt
• U.S. Treasury moves in the bond market
• Gold breaking above its 200-day moving average, strengthening technical momentum.
Gold is back in the spotlight… could $5,000 be the next stop?
$XAUT $XAU $PAXG
#SpotGoldHitsHighestSinceMay15
