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Back Fundamental analysis
Gold Shows a Sawtooth Market
Gold has gained again today and
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Gold has gained again today and is trading around $4,460 per ounce, significantly recovering from yesterday's losses. The catalyst for this recovery was the ceasefire agreement between Israel and Lebanon, mediated by the US. The market perceived it as a step toward a broader resolution of the Middle Eastern conflict, which has kept global energy markets on edge since February.The mechanics of gold's reaction remain consistent with recent months, but in the opposite direction. The Lebanese ceasefire eased short-term pressure
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
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Maxim Magdalinin
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