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CPT MarketsGeopolitical risks and strong US economic data drive up gold prices! ...

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CPT MarketsGeopolitical risks and strong US economic data drive up gold prices! ...431 / author:CPT / PostsID:1728034

gold/dollar(XAUUSD):

CPT MarketsGeopolitical risks and strong US economic data drive up gold prices! ...191 / author:CPT / PostsID:1728034





Despite geopolitical risks and an increase in US Treasury yields, gold prices continued to rise at the end of the North American session2,276 The historical high of the US dollar. The economic data in the United States has prompted investors to shift towards safe haven assets, driving gold higher.
Although the yield of US treasury bond bonds rose sharply on Monday and the US dollar strengthened4month1The Israeli attack on the Iranian Embassy in Syria continues to support the rise in gold prices. In addition, the United States Bureau of Labor Statistics(BLS)The increase in job vacancies reveals a tense labor market, while the US Census Bureau has witnessed an improvement in factory orders.
Gold is still showing a multi-party trend, and each downward correction is aimed at further upward movement. There is a possibility of a downward correction test to support it within the day.
Resistance level: 2289.68 support level:2228.52。



crude oilPrice difference contract(WTI):





Middle East and Russia-The escalating geopolitical tensions in Ukraine, such as Israel's airstrike on the Iranian Embassy in Syria on Monday, Ukraine's ongoing attacks on Russian refineries, and Hussai armed attacks on Red Sea shipping, have raised concerns about further tensions. Supply tightening, pushing upWTIPrice.
Oil traders will pay attention to Wednesday'sOPEC+Ministerial Joint Monitoring Committee(JMMC)Meeting. Market expectationsOPEC+The committee will extend the voluntary production reduction period to the second quarter of this year.
After testing the upper pressure of crude oil, the lower pressure will be tested downwards and sorted back and forth near the weekly trend line.
Resistance level: 85.58 Supporting position:82.56。

CPT MarketsRisk Tips and Disclaimers : The above article content is for reference only and is not intended as future investment advice.CPT Markets The articles published are mainly based on international financial data reports and international news as reference.



CPT MarketsGeopolitical risks and strong US economic data drive up gold prices! ...626 / author:CPT / PostsID:1728034
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