Today, gold prices continue their upward trend, with spot prices at $2,954 per ounce, up $19 from the previous day's opening price of $2,936 per ounce.
Accordingly, the international gold market continues to heat up as investors worry about geopolitical situations, including uncertainty in the ceasefire between Israel and Hamas, and information related to negotiations to stop the Russia-Ukraine military conflict. Notably, U.S. trade protectionist threats are strongly impacting the gold market. Especially when President Donald indicated that comprehensive tariffs on imports from Canada and Mexico will be implemented after the one-month delay period ends next week.
As a result, many have increased their demand for gold as a safe-haven asset to hedge against risks. Today's gold prices are certainly positive, and any decline presents a buying opportunity. Personally, Victor is waiting to buy from the upward channel limit, which aligns with the support level from the 34.89 EMA. Gold is expected to reach $3,000 by the end of February.
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