Phillip Nova: Gold may continue to fluctuate in the short term, with geopolitical news driving the market.
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
- Phillip Nova analyst Priyanka Sachdeva stated in a commentary that gold prices may remain volatile in the short term. Geopolitical tensions usually support safe-haven demand, but the current environment of high energy prices and a stronger US dollar is limiting the upward momentum of gold.
- She noted that until the geopolitical situation becomes clearer, gold prices may continue to fluctuate, driven by news events, and any diplomatic statement could potentially trigger a sharp reversal in gold prices.
- Currently, the ongoing tensions between the US and Iran, news such as Trump postponing the power grid strike plan, and Iran denying negotiations have already caused significant gold price swings.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Canada Strengthens Pro-Growth Agenda With Wider Capital Expensing, BMO Says
MT newswire•2026/09/16 11:44
Market Chatter: KKR Said to Be Preferred Bidder for Portuguese Packaging Firm Logoplaste
MT newswire•2026/09/16 11:44
Similarweb Insider Sold Shares Worth $679,236, According to a Recent SEC Filing
MT newswire•2026/09/16 11:43
Similarweb Insider Sold Shares Worth $679,236, According to a Recent SEC Filing
MT newswire•2026/09/16 11:43
Crypto prices
MoreBitcoin
BTC
$76,120.48
-0.99%
Ethereum
ETH
$2,420.49
-2.19%
Tether USDt
USDT
$0.9991
-0.05%
BNB
BNB
$713.24
-0.61%
XRP
XRP
$1.29
-7.35%
USDC
USDC
$0.9999
-0.00%
Solana
SOL
$98.01
-2.54%
TRON
TRX
$0.3351
-1.03%
Zcash
ZEC
$1,235.46
+9.62%
Hyperliquid
HYPE
$79.56
+0.85%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now