Here is our next updated video about Gold price analysis February. Gold price has rallied 6.2% in February on geopolitical issues between Russia and Ukraine and inflation hikes. Today, Gold February 2022 is under pressure as there is news of a potential meeting between US president Joe Biden and his Russian counterpart Vladimir Putin over the Ukraine stand-off.
According to the Gold price analysis February 2022, the meeting of Putin with President Biden signals readiness for diplomacy. Russia would also be faced with severe consequences should it choose to start a war. However, the Biden administration warns that currently, Russia appears to be continuing preparations for a full-scale assault on Ukraine soon. The uncertainty is fueling growth in the Gold price forecast.
Additionally, the interest rate hikes that previously didn’t seem to support the Gold analysis, are now pushing precious metals. As the March FED meeting is nearing, the Gold price prediction could continue to be upped even though caution needs to be minded.
Watch the full video for our take on the Gold price analysis today and a deeper insight into what to expect in the months ahead from our Gold price February forecast. Drop us a line in the comments with your thoughts on the Gold chart.
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00:00 Intro
01:23 Gold pushed high by Russia/Ukraine conflict
04:54 Gold support and resistance
05:31 Gold technical analysis
10:22 Recap
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