Friday, 14 June 2024

XAU/USD: $2,500 Target Remains in Focus But Consolidation Likely to Precede Fresh Rally

by BD Banks

XAU/USD: ,500 Target Remains in Focus But Consolidation Likely to Precede Fresh Rally

Gold is likely to retest the latest record high and attack psychological $2500 level in coming months, as all key factors that drive the metal’s price remain supportive. Persisting geopolitical tensions and threats of escalation continue to underpin demand, along with growing signals of stronger monetary easing and one of the most significant – gold […]

The post XAU/USD: $2,500 Target Remains in Focus But Consolidation Likely to Precede Fresh Rally appeared first on Action Forex.

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