Gold Shines Bright: A Geopolitical Crisis Hedge and the Impact of Fed Governor Jerome Powell’s Speech
Gold is in focus 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 the 200-day moving average. It may try to test this area soon and continue moving higher. The speech by Fed governor Jerome Powell on Thursday may add some pieces in the puzzle.
Stanislav became involved in the financial markets in 2004. By 2008, he developed into a full-time individual trader, trading futures and options on the Chicago Mercantile Exchange.
