Technical analysis by kiyandokhtkarimi about Symbol PAXG: Buy recommendation (8/27/2024)

The Mallicast Fundamental Team's analysis of gold focuses on the underlying factors influencing its price. They examine elements such as economic indicators, monetary policy, geopolitical events, and market demand to provide insights into potential trends and price movements for gold.Global Gold Growth refers to the increase in gold prices in international markets. This growth is typically driven by factors such as higher demand for gold as a safe-haven asset, a decline in the value of the dollar, economic volatility, geopolitical tensions, and lower interest rates. During times of heightened uncertainty in financial and economic markets, investors often turn to gold as a hedge against inflation and currency devaluation, which can contribute to the rise in gold prices.