And today, we are once again seeing gold push up after another round of bids earlier in Asia trading. On the week itself, the precious metal is finding itself in a good position as price climbs back above the $3,000 mark as well as its key hourly moving averages. That puts the near-term bias in a more bullish spot once again.
In the bigger picture, it’s still hard to pin down gold considering the broader market and economic landscape.
Trump tariffs continue to threaten financial dislocations with regards to the dollar, and recent revaluation talk among Asian currencies are only fueling the fire here. Then, you have heightened uncertainty with regards to the global economy and inflation
Gold keeps the push higher after another round of bids in Asia
