experienced significant volatility on Wednesday, primarily due to the noisy behavior in bond trading, which has a substantial impact on gold.
has further fueled concerns in the market. Saudi financiers have decided not to continue their support for the bank, sending investors scrambling for safe-haven assets.From a Technical Analysis Perspective: Investors are flocking to treasury notes and gold to protect themselves from the potential contagion spreading across the global economy. It's important to remember that these market shifts are driven by large amounts of money, not the average retail trader. Thus, traditional market correlations may not hold up in this context.
The strong bounce from the $1900 level during the trading day indicates that both the US dollar and gold are likely to strengthen as investors seek to protect their assets from ongoing global uncertainty.
Don't worry things will change on gold
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