Blog: Trading

Gold Surges Above $1,960 for First Time Since April 2022

Mar 18, 2023
Gold Surges Above $1,960 for First Time Since April 2022

Gold PriceSurges to 11-Month Highs, XAU/USD up by over $40 on Weekly Gains

The demand for gold has soared as risk aversion grips the markets amidst the banking crisis and lower US Treasury bond yields. XAU/USD has surged by more than $150 or 8% since March 9, with Friday's Nonfarm Payroll report and the collapse of Silicon Valley Bank (SVB) further fueling the rally.

Central banks are expected to soften their tightening stance, leading to a drop in government bond yields. This has resulted in the acceleration of the rally towards the $2,000 mark, with $1,980 being a crucial resistance zone.

Buy & trade from NFLMARKETS

For Registration & Consultancy

☎️ +971 4 880 5665

303 Al Serkal Building Dubai UAE

Useful Links

Gold Trading in Dubai Best Trading Platform

Platinum Trading Dubai Best Forex Trading Company in Dubai

Silver Trading Dubai Forex Trading Company

Buy Cryptocurrency online Oil Traders online

Buy Bitcoin online Buy Ethereum online

Sale Bitcoin in dubai

Best Forex Trading Company Dubai

Best Forex Company Dubai 

Forex Traders

Forex Trading 

Forex Trading Platform

blogAuthor
Aleksandra Kwiecien
Content manager

Marketing and content manager. Passionate about new technologies that make our everyday life easier, and people who create them.