______________________________________________________
Gold About to Hit Historical Record High vs. Fiat Dollar
On November 28, 2023
By Awake-In-3D
The gold market is nearing a critical long-term resistance point, and the recent surge in prices has no clear catalyst.
If the current technical momentum persists, gold prices could reach all-time highs within ten days.
This rally in gold comes as geopolitical safe-haven demand diminishes, and there is no distinct bullish narrative in the market.
However, the weakness in the U.S. dollar and a sharp decline in U.S. bond yields have propelled gold to its highest level in six months.
This suggests that gold is being used as a preemptive tool to anticipate a Federal Reserve rate cutting cycle.
The activity during Asian trading hours indicates aggressive buyers testing thin markets, potentially including major buyers like emerging market central banks and wealth funds.
While Western investors are still hesitant to enter the market, there is potential for prices to rise further as they start to pay attention to the price action.
=======================================
Advertisement
______________________________________________________
© Awake-In-3D | GCR Real-Time News
Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is an informational news aggregator. All content, including third-party reports and community commentary, is provided for educational purposes only. We do not provide financial, legal, or tax advice. We do not recommend the purchase or sale of any currency or investment. Please consult with a licensed professional before making any financial decisions.
Copyright © Dinar Chronicles
______________________________________________________
