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Analysis of today's market

SOOLIKE | 2024-12-03 09:14

Abstract:As the final month of the year begins, gold prices have tumbled. The strengthening of the US dollar has been exacerbated by Trump's harsh remarks towards the BRICS countries and the easing of geopolit

As the final month of the year begins, gold prices have tumbled. The strengthening of the US dollar has been exacerbated by Trump's harsh remarks towards the BRICS countries and the easing of geopolitical tensions. Gold is trading at $2,635, marking a 0.58% decline.

Gold suffered losses after Trump warned the BRICS countries that distancing themselves from the US dollar could expose them to 100% tariffs. "We should expect a farewell to selling to the wonderful American economy," he added.

Gold opened at around 2638 and rose to around 2644 at the highest and around 2638 at the lowest before press time.Pay attention to the resistance of 2660-2670-2680 If it fails to break through, it will test 2630-2620-2610

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SOOLIKE
Company name:SOOLIKE CAPITAL MARKETS
Score
1.37
Website:https://soolike.com/en
2-5 years | Regulated in South Africa | Derivatives Trading License (EP) | Suspicious Operational Region
Score
1.37

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