Gold - Bullish signals meet resistance - KITCO

Gold - Bullish signals meet resistance - KITCO

Source: KITCO

DW NOTE

Gold has gained 11.6% in a month while the Strait of Hormuz remains shut and ceasefire talks between the US and Iran collapsed today. It's still 15.8% below the January high of $5,318. If a supply shock that has cut 4.3 million barrels per day from global oil markets can't push gold to new highs, the question isn't resistance — it's what crisis will.

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