Analyst: Watch Whether Gold Can Hold the 3400 Level
Trade Nation analyst David Morrison noted that after struggling for about six weeks, gold has steadily climbed above $3,400 per ounce, and whether it can hold this level before the weekend will be interesting to watch. It is also noteworthy that gold prices are rising even as the US dollar has surged significantly. This suggests that the negative correlation between these two assets is not as strong as traders previously believed.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sentient intelligent network GRID component upgraded, Sentient Chat now supports obtaining token snapshots
Trending news
MoreCrypto prices
More
