Spot $XAU Nears $5,000 per Ounce
๐ Spot $XAU is currently trading around the $4,950 โ $4,960 per ounce range as of this weekโs data, showing strength but not yet a sustained break above $5,000.
Gold is catching investor attention as markets stay volatile, pushing safe-haven demand higher. Traders are watching key macro drivers and liquidity conditions closely.
Key points:
โข Price hovering near $4,950/oz, close to the psychological $5K level.
โข Market sees safe-haven interest rising amid global uncertainty. โจ
โข Still below sustained $5,000 breakout โ but momentum is strong. ๐
Spot gold teases the $5,000 mark as investors seek safety in volatile markets. Momentum is building, but a confirmed sustained break above $5K hasnโt happened yet.
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