Gold prices at the beginning of the week decreased slightly but

16 באוק׳ 2023XAUUSD The price of gold is pulling back slightly after experiencing a significant increase on Friday, reaching its highest point in three weeks at $1,933.

The US Dollar (USD) remains weak as US Treasury bond yields rise. This is due to investors considering the ongoing conflict between Israel and Hamas, as well as new developments over the weekend.

The price of gold ended the week above the important 200 DMA. Now, the question arises: where will this safe-haven be heading next?