$XAU Gold Near $5000 Faces Correction as Geopolitical Tensions Ease
We could be on the verge of a bigger correction, given that the geopolitical situation has generally eased. On the other hand, the price is near the psychological $5,000 zone, making this sell-off even more likely. Overall, I see no reason for gold to rise any further without a deeper correction first.
President Donald Trump said on Thursday that he had secured full and permanent US access to Greenland in a deal with NATO, whose leader said allies would need to increase their commitment to Arctic security to ward off threats from Russia and China.
This was a U-turn on Greenland as EU leaders met for an emergency summit in Brussels late Thursday.
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