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Back Fundamental analysis
Gold Loses Ground Again
Gold has retreated today by 0.9%
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Gold has retreated today by 0.9% to approximately $4,527 per ounce, fully erasing yesterday's gains. The catalyst for this decline was the U.S. military strikes on missile launchers in Iran and on boats attempting to lay mines in the Strait of Hormuz. Washington characterized the attacks as defensive; however, the market interpreted them clearly as a signal that a real ceasefire is still far off.The situation is further complicated by another front. Israel has announced a ramp-up of strikes against
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
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Urgency
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Maxim Magdalinin
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