Taking geopolitics as the fulcrum, it is not difficult for spot gold to rise four consecutive weeks
2024-04-12 14:17:18
On April 12, spot gold rose above $2,415, on track for a fourth week of gains, its longest streak of gains since early 2023. Spot silver also rose above $29.5 an ounce. The 14-day relative strength index for both metals hovered near 80, well above what some investors consider overbought levels, which could signal a pause. "Geopolitical risk is the pivot here," said Rhona O'Connell, head of market analysis at StoneX Financial Ltd. "With more than 50 local and national elections this year, ongoing tensions in the Middle East have added fuel to the fire."
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
All three major U.S. stock indexes fell 1%, while the Nasdaq Composite Index fell 1.3%.Next article：
BTC跌破68000美元
