Hello everyone, let's dive into the intriguing performance of gold recently. XAU/USD is consolidating after leaping to a new all-time high around $2270 in Wednesday's trading session. This primarily stems from the ongoing geopolitical risks from the Russia-Ukraine conflict and tensions in the Middle East, leading investors to shift their focus towards safer assets. As a result, there's a general sentiment of caution across stock markets, making gold an increasingly attractive safe-haven investment.
From my perspective, gold is on the verge of hitting the $2300 mark, with no signs of stopping. Its strong growth is mainly fueled by the FOMO from the market.
From my perspective, gold is on the verge of hitting the $2300 mark, with no signs of stopping. Its strong growth is mainly fueled by the FOMO from the market.
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