GOLD: Support Line Is Shining!
$S&P 500(.SPX)$ In 2025, amidst the turmoil in global financial markets, gold's allure as a traditional safe-haven asset has resurfaced. On Wednesday (October 8), gold prices not only broke through $4,000 per ounce for the first time, reaching a record high of $4,059.07 per ounce, but also drove silver prices to a record closing high. However, just as the rally was in full swing, a sudden turn in the geopolitical situation in the Middle East—a ceasefire agreement between Hamas and Israel—quickly cooled market risk aversion, leading to a pullback in gold prices on Thursday (October 9). This warrants investor caution.
Investors should monitor further news on the Middle East situation and shifts in risk aversion, wary of the possibility that this could prompt further profit-taking by long positions, triggering a deeper correction in gold prices. They should also monitor any buying support.
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- Alihuat·10-09what gold stock index are u referring to? can share?LikeReport