From Investing.com: 2025-06-12 02:50:00

Gold surged 1% and hit a seven-day high of US$3,370 after bouncing off its 20-day moving average on 9 June, amid escalating geopolitical tensions. The US partially evacuated its embassy in Iraq due to fears of potential Iranian attacks on US military bases. Chart analysis suggests a possible end to Gold’s corrective decline, with key resistance at US$3,374. Meanwhile, safe-haven CHF and JPY rallied, while WTI oil spiked 5.5% before facing resistance at the 200-day moving average. Equities saw profit-taking after optimism from the US-China trade deal waned, with Asian markets closing lower.



Read more at Investing.com: Gold’s Corrective Phase Could Be Over as Uptrend Resumes