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The reasons for gold's rise may be down to just 0.5
The article discusses recent gold price fluctuations and multiple reasons for its recent gains, including safe-haven demand, inflation expectations, and China's purchasing power. The author argues that although gold is currently affected by speculative behavior, its safe-haven properties and inflation expectations are weakening, while China's pace of accumulation is slowing. As a result, the momentum for future gold price increases is insufficient, and a cautious stance is recommended.
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The Donchian Channel range between $1.32 and $1.60 defines price action, with resistance near $1.48 li
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