Kuala Lumpur 10:35 a.m. (GMT +8) - In the Asian market, gold price it is now reported to be around US$1829 per ounce. Economies.com wrote an article to analyse the gold price movement today as follows:
As the possibility of the U.S. launching a coronavirus rescue plan enhanced its attractiveness as a hedge against inflation risks and pushed the US dollar to a multi-year low, the price of gold closed on Wednesday near more than one-week high. Gold price closed at $1830.71 per ounce, up $15.72 or 0.87%.
Economies.com wrote in the article that the gold price returned to an upward trend after retesting the $1818.00 per ounce level in the previous trading days, which makes the bullish trend scenario still valid for some time to come.
Economies.com pointed out that from the 4-hour chart, gold prices are trading above the EMA 50 indicator, which supports bullish expectations.
The website also added that as long as the price of gold remains above $1818.00 per ounce, the outlook continues to be bullish, and the next target for the price of gold is $1838.10 per ounce.
At 09:18 a.m. Kuala Lumpur time, spot gold was quoted at $1,28.95 per ounce.
Translated from the original article: https://www.24k99.com/2012/445...
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
اترك رسالتك الآن