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The yellow metal gold prices are trading bullish at 1,986 level, heading higher towards the next resistance level of 1,997. In contrast, the support level stays at 1,973 level; however, the bullish engulfing pattern may drive more buying in gold. Check out the gold price forecast in a video analysis above.
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Gold Extends Rally as Softer Dollar and Yields Lift Precious Metals Key Moments
Spot gold rose 1% to $4,343.62 per ounce, while March futures gained 1.1% in Asian trading.
Meanwhile, silver climbed 1.6% and stayed near last week’s record high, while platinum advanced 1.8%.
Looking ahead, […]
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