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The price of gold gained as investors weighed the impact of sanctions against Russia with Moscow's countermeasures in the wake of the invasion of Ukraine,
Gold markets broke out significantly on Tuesday as fear continues to be a major problem around the world.
Amidst a state of instability with a bullish tendency, the gold market moved in the last trading session.
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Gold markets initially gapped higher to kick off the trading week and smash through the $1920 level.
Implementation of the world’s fears of the outbreak of a Russian war in Ukraine contributed to an important turnout for investors to buy gold as a safe haven.
Gold markets have spiked higher during the course of the trading session on Thursday as we continue to see a lot of noisy behavior due to fear.
All that we expected for the price of gold since approaching the psychological peak of 1900 dollars was achieved, as the price of gold moved today towards the resistance level of $1950.
Gold markets have fallen initially during the course of the trading session on Wednesday to show signs of weakness.
In the midst of profit-taking, the price of an ounce of gold fell to the level of $1891 before settling around the psychological resistance level of $1900 an ounce, waiting for any news.
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Gold markets went back and forth on Tuesday, centering on the $1905 level.
The price of gold rose to its highest level in more than eight months as fears of heightened geopolitical tensions fueled demand for safe haven assets.
The gold markets have been all over the place on Monday, as we continue to see a lot of geopolitical concern near the Ukraine/Russia border.
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By the end of last week's trading, gold futures struggled to stay above the critical $1900 resistance level.
The gold markets initially drifted lower during the course of the session on Friday but found plenty of buyers as we head into the weekend.
Gold markets have gone parabolic during the session on Thursday as the markets slammed into the $1900 level.