Gate Square | Hot Topic:
#GoldBreaksAbove$5,500 Spot gold has recently surged past $5,200/oz, with monthly gains exceeding $880, signaling strong bullish momentum. The big question now: how much higher can gold go, and what strategy should traders adopt?
📈 Market Drivers:
Geopolitical Tensions: Ongoing global conflicts and Middle East instability are reinforcing gold’s safe-haven appeal.
Macroeconomic Factors: Inflation pressures and potential Fed rate decisions have amplified gold’s bullish trend.
USD Movements: A weaker USD benefits gold (XAU/USD), providing an additional upside catalyst.
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