If you’ve been watching commodity prices recently, then you’ll know that spot gold (XAU/USD) just broke a key support zone earlier this week.
And we don’t have to look far for answers!
Fading war risk premium has helped weaken the demand for “safe havens” like XAU/USD. At the same time, spotty economic indicators from China put in question the future demand for commodities including gold.
- Ad-free experience
- Daily actionable short-term strategies
- High-impact economic event trading guides
- Access to exclusive MarketMilk™ sections
- Plus More!