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Market Analysis for Today
Abstract：Gold prices are rebounding, with the price of gold rising to $2,920 at the time of writing this article, brushing aside the U.S. Consumer Price Index data for January released on Wednesday. Traders ha
Gold prices are rebounding, with the price of gold rising to $2,920 at the time of writing this article, brushing aside the U.S. Consumer Price Index data for January released on Wednesday. Traders have also disregarded the possibility of a peace agreement reached between U.S. President Donald Trump and Russian President Vladimir Putin, who outlined the broad contours of an upcoming meeting to forge a peace deal over the phone. Despite these considerable tail risks, gold has rebounded once again, indicating traders' firm commitment to continuing to reside in safe-haven assets.
Gold opened at around 2928 and rose to around 2935 at the highest and around 2927 at the lowest before press time.Pay attention to the resistance of 2940-2950-2960 If it fails to break through, it will test 2900-2890-2880
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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