Market Analysis for Today

Gold prices are rebounding, with the price of gold rising to $2,920 at the time of writing this article, brushing aside the U.S. Consumer Price Index data for January released on Wednesday. Traders have also disregarded the possibility of a peace agreement reached between U.S. President Donald Trump and Russian President Vladimir Putin, who outlined the broad contours of an upcoming meeting to forge a peace deal over the phone. Despite these considerable tail risks, gold has rebounded once again, indicating traders' firm commitment to continuing to reside in safe-haven assets.

Gold opened at around 2928 and rose to around 2935 at the highest and around 2927 at the lowest before press time.Pay attention to the resistance of 2940-2950-2960 If it fails to break through, it will test 2900-2890-2880