Tuesday's trading session saw a notable increase in the price of gold.
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Ahead of important events and influential data, gold prices moved towards new record highs as investors continue to bet on the metal.
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At the end of trading last week, the gold price rose to the resistance level of $2088 per ounce, starting from the level of $2038 per ounce in the same trading session.
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Friday's gold market surge is still going strong.
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Gold: Thursday's session was extremely positive despite the US PCE figures coming in as expected.
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During the middle of this week's trading, gold futures stabilized.
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Early on Wednesday morning, the gold market moved slightly, continuing the trend of sideways trading overall.
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Since the start of trading this week, the gold price has been moving in a narrow range.
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Although there has been a modest increase in gold markets during the early hours of Tuesday, we are currently trading within the same range.
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February 27, 2023. Gold Forecast and Analysis of the price of gold XAU/USD today
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The gold markets began Monday's trading session with a slight downward slide as the short-term movement remains somewhat erratic.
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Gold prices started this week's trading stable around the $2036 resistance level.
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The gold markets fluctuated during Friday's trading session.
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The gold market found support at the $2,030 level, which also happens to be the point where the market collapsed following the unexpected CPI data last week.
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