Gold Prices Hit Record High Amid Weaker Dollar and Rising Global Tensions
Spot gold surged to an all-time high of $3,473.10 in the past 24 hours, driven by a weakening U.S. dollar, escalating U.S.-China trade tensions, and a surge in safe-haven demand. The technical indicators point to a strong bullish trend, with clear short-term support and resistance levels.
Investors are closely watching upcoming U.S. retail sales data and potential countermeasures from China, both of which could impact market sentiment. With strong momentum in play, gold prices may continue rising in the near term.
Staying updated with real-time gold price movements and recognizing key trend reversals are essential strategies for effective gold trading.