Jessica-SStarCypher

Gold price assessment

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold rose sharply on Friday as the war situation in the Middle East continued to heat up. Israel expanded its bombing of the Gaza Strip, causing local Internet and phone services in Gaza to be cut off. Gold price increased to around the 2010 price level, the highest level recorded over the past 5 months.

Next week, the market focus will continue to be influenced by war news in the Middle East, and news from the US market such as: "Interest rate decision", "Unemployment rate in October"

Although last week's news from the US market was much better than expected, due to the tense war situation in the Middle East, it still stimulated investors to find ways to accumulate assets in safe havens, including Yellow.
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