GOLD: Continue to GO UP!

XAUUSD Gold Traders
06-10

$Gold - main 2508(GCmain)$ Tuesday (10 June) Asian session, gold narrow range shock, currently trading at 3320 U.S. dollars near. Monday gold price shock rebound 0.4%, closed at 3325.45 U.S. dollars near the gold price of this wave of rise is not only driven by the dollar's weakness, but also with the trade talks, global economic uncertainty and inflation is expected to warm up closely related.

From a comprehensive perspective, the current rise in gold prices is driven by a combination of factors: the weakening of the US dollar, the uncertainty of trade negotiations, the warming of inflation expectations and the intensification of geopolitical risks. In the short term, progress in trade negotiations and US CPI data will be key variables in gold price volatility.

If there is a breakthrough in the negotiations or the inflation data is weaker than expected, gold prices may face retracement pressure. However, in the long term, global economic uncertainty, the trend of central banks to increase their gold holdings, and the intensification of social unrest will continue to provide support for gold prices.

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