
WagmiGoats Insights (WGi) 📊
February 6, 2025 at 07:53 AM
*🟡 GOLD HOLDS NEAR RECORD PEAK AS TRADE JITTERS BOOST SAFE-HAVEN DEMAND*
Gold prices edged higher on Thursday, holding near record highs from the previous session, as escalating tensions in the U.S.-China trade war fueled demand for the precious metal.
🔹 Investors are closely watching upcoming U.S. job data, which could provide insights into the Federal Reserve’s next move on interest rates.
🔹 The dollar’s movement and global risk sentiment remain key drivers for gold’s next direction.
*📈 Current Outlook:*
✅ Bullish momentum remains intact as long as safe-haven demand persists.
✅ Key Resistance: $2,900
✅ Key Support: $2,852
*📍 Stay updated with Wagmigoats Insights (WGi) 📊 for real-time gold market analysis and expert forecasts!*
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