Long term gold. 2050 COMINGCurrently gold is trading around 1980 USD and has increased a total of 7 USD today. It can be seen that after the Fed chairman's speech yesterday, gold's reaction was not too strong but still developed with the highest impressive number in the past two weeks since October 6.
The reason gold prices increased cannot help but mention the fact that the gold market continues to benefit as the Israel-Hamas conflict continues to intensify. Besides, the cooling of the USD also partly supported gold's return.
With gold retesting the level of 1,964 USD/ounce, this precious metal will easily surpass levels in the range of 1,985 - 1,995 USD/ounce.
All resistance zones are not enough to slow down the rise of gold.
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