The price of gold, which had been falling due to concerns about high prices, has started to rise again as investors seek safety.
The meeting between U.S. President Trump and Ukrainian President Zelensky ended without an agreement. Although discussions within the European Loan Union have eased excessive concerns, uncertainty remains.
On this day, President Trump also confirmed that he will impose tariffs on Canada, Mexico, and China as planned. As a result, all three major stock indexes in the New York stock market dropped significantly. This led to investors buying gold as a safe asset.
Selling pressure due to high price concerns seems to have settled for now, so there is a high chance that gold prices will rise again. However, the high price level of around $2,950 recorded in February is seen as a temporary ceiling. This means that some investors may sell when the price approaches this level.
Gold-Dollar Price Range Prediction: 2,910 – 2,870
Note: This information does not guarantee profits. Make your own decisions when trading.