Gold prices are stable amid the anticipation of the American interest decision
I witnessed prices Gold A state of fluctuation between limited gains and slight losses during Tuesday’s trading, to remain below the level of $ 3400 an ounce." target ="_Blank"> The Federal Reserve which lasts for two days, scheduled to be announced on Wednesday, before taking any new bets in the market, according to «FXSTREET». For the return. Geopolitical tensions and uncertainty associated with global trade is one of the factors that limit any significant decline in gold prices, which enhances the attractiveness of the precious metal as a safe haven. Markets
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Israel launched an attack targeting the government television station in Iran on Monday, while Tehran announced its willingness to implement "The largest and most violent" A missile attack in history on Israeli soil, which threatens a great escalation in the region. The Gulf of Oman, which brought back to mind the 2019 attacks attributed to Iran, and raised concerns about an additional escalation in regional tensions, which strengthened the demand for gold in the Asian trading session. Expectations that the federal return to the interest reduction policy in September limits the momentum of the dollar. Technical
technically, the formation of an emerging price channel indicates the continued positive trend in the short term.
technical indicators also support the daily chart. "Purchases when declining"Which may contribute to reducing any decline close to the 3340 -335 dollar region, and it represents the bottom of the channel. The way for the historical summit recorded in April at $ 3500, which coincides with the upper limit of the emerging canal, which enhances the possibility of registration of additional gains.- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
