Analyst: Gold will come under pressure in the short term

On November 26th, Jinshi Data reported that Phillip Nova’s senior market analyst, Priyanka Sachdeva, said in a research report that gold may come under pressure in the near future. Sachdeva said that recent news headlines about Israel and Hezbollah nearing a ceasefire have eased some geopolitical concerns, dropping the appeal of gold as a safe-haven investment. Sachdeva added that coupled with the pressure brought by the soaring US dollar, gold is expected to have a downward trend in the short term.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)