| In this week's Market Outlook with Exness, we focus on Gold which is amid a strong demand, fueled by the conflict in the Middle East. This time, the narrative is simple: Gold acts as a hedge against a geopolitical crisis. Technically, it had almost reached the 1940 area, which is a 200-day moving average. It may try to test this area soon and continue moving higher. The speech of the Fed's governor Jerome Powell on Thursday may add some pieces to the puzzle. |
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