Gold nears three-month top amid fresh trade/geopolitical concerns, USD recovery
Gold prices take the bids around $1,529 during Friday’s Asian session. The yellow metal surged to the highest since late-September the previous day. In doing so, it ignored the US dollar (USD) recovery and nearness to the US-China phase-one deal.
Although the US and China are near to signing the phase-one deal on January 15, doubts over the phase-two talks crossed wires via The Hill.
Gold rises to four-month highs on US-Iran confrontation in Iraq
Gold, a classic haven asset, has jumped to four-month highs with the US and Iran moving closer to open confrontation in Iraq.
The yellow metal is currently trading at $1,539 per Oz, the highest level since Sept. 5, representing a 0.63% gain on the day. The US launched an airstrike on Baghdad airport on Friday, killing Iran's most celebrated military official Qassem Soleimani.
|Today last price||1539|
|Today Daily Change||10.71|
|Today Daily Change %||0.70|
|Today daily open||1528.29|
|Previous Daily High||1531.31|
|Previous Daily Low||1517.24|
|Previous Weekly High||1517.4|
|Previous Weekly Low||1477.55|
|Previous Monthly High||1525.1|
|Previous Monthly Low||1454.05|
|Daily Fibonacci 38.2%||1525.94|
|Daily Fibonacci 61.8%||1522.61|
|Daily Pivot Point S1||1519.92|
|Daily Pivot Point S2||1511.54|
|Daily Pivot Point S3||1505.85|
|Daily Pivot Point R1||1533.99|
|Daily Pivot Point R2||1539.68|
|Daily Pivot Point R3||1548.06|
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