Gold is consolidating above $1,330 after an astonishing week, where investor appetite for bullion jumped on growing fears over more tariffs and an economic slowdown. In this scenario – with the decline of US yields and a weaker US Dollar – gold has found the perfect environment for a long string of positive sessions, getting closer to the to the resistance area of $1,350 – 1,370 dollars, which has so far always stopped the gold rallies in the last 4 years.
Photo by Aaron Munoz
Gold is consolidating above $1,330 after an astonishing week, where investor appetite for bullion jumped on growing fears over more tariffs and an economic slowdown. In this scenario – with the decline of US yields and a weaker US Dollar – gold has found the perfect environment for a long string of positive sessions, getting closer to the to the resistance area of $1,350 – 1,370 dollars, which has so far always stopped the gold rallies in the last 4 years.
