Gold shows strength
Gold is in focus amid a strong demand, fueled by the conflict in the Middle East. This time, the narrative is simple: Gold acts as a hedge against a geopolitical crisis. Technically, it had almost reached the 1940 area, which is 200-day moving average. It may try to test this area soon and continue moving higher. The speech of the Fed's governor Jerome Powell on Thursday may add some pieces to the puzzle.
Read EXNESS Broker Review October 18, 2023 at 08:55PM Exness
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