#GoldHit7yearHighAgain#
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Boosted by the weakness of the US dollar, the price of gold this week hit another 7-year high, reaching the level of 1725 US dollars per ounce, an increase of nearly 10% this month. This week, we can focus on the US initial jobless claims and real estate data. If the data is not good, the price of gold is expected to strengthen further.
Technical Analysis (H4 & Daily Chart)
1. Technical Analysis (H4 & Daily Chart) Technically, Gold is currently maintaining a Strong Bullish Trend, trading near its psychological resistance levels. Current Price: Gold is trading between approximately $4,495 and $4,505.Support Levels: If a price correction occurs, t
🚨Gold prices hit record high above $2,700; Copper buoyed by China 🇨🇳
Gold prices continued to hit record highs on Wednesday, driven by optimism over potential lower U.S. interest rates, which weakened the dollar. Spot gold rose 0.3% to $2,670.52 an ounce, with futures reaching $2,694.75. The Federal Reserve's recent rate cuts and expectations for further reductions h
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