Gold rises above 4630 then pulls back, can the bullish trend continue?
Author: Gold Miner Old Cat
Today’s spot gold opened at 4523.05, yesterday’s close was 4509.93, reaching a high of 4630.21, a low of 4513.23, and finally closing at 4596.85, up 1.93%. After a one-hour rally, it slightly retreated and consolidated, with strong bullish momentum.
In the news, expectations of easing global monetary policy, weak economic data from major economies, and geopolitical tensions have driven safe-haven funds into gold. Coupled with a weakening US dollar index, these factors jointly contributed to a stro
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