Gold Futures Soar Over 1% in Strong Rally Amid Economic Uncertai
Gold futures surged on Wednesday, registering a substantial single-session gain of more than 1%, marking their most significant increase since the close of July. Recent weeks had seen gold prices facing mounting pressure due to what analysts at UBS described as "surprisingly resilient U.S. economic data and concerns regarding the Federal Reserve's anticipated response." Nevertheless, the appeal of gold as a long-term portfolio safeguard remains intact, particularly given the prevailing uncertainty in global economic growth, the volatility in equity markets, and the unresolved geopolitical challenges, as noted by UBS analysts. By the close of trading on Comex, December gold had risen by $22.10, or nearly 1.2%, settling at $1,948.10 per ounce.
GOLD BUY LIMIT 1915-1917🕯
✅ TP1: 1922
✅ TP2: 1932
⚠️ SL: 1910
GOLD BUY LIMIT 1915-1917🕯✅ TP1: 1922
✅ TP2: 1932
⚠️ SL: 1910
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