Saturday, 19 October 2024

Gold (XAU/USD) Price Smashes Through $2700/oz – Further Gains Ahead?

by BD Banks

Gold prices surged past $2700/oz fueled by expectations of global rate cuts and escalating geopolitical tensions in the Middle East. The London Bullion Market Association’s bullish prediction of $2941/oz gold price in 12 months. Technically, gold is overbought, but the threat of an Israeli strike on Iran could limit downside risks. Gold prices advanced further […]

The post Gold (XAU/USD) Price Smashes Through $2700/oz – Further Gains Ahead? appeared first on Action Forex.

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