Daily Brief, December 21 – Everything You Need to Know about Gold on Monday!
Arslan Butt • 2 min read
Furthermore, the losses in the yellow metal remained limited, as the relationship between the world’s two largest economies came under fresh pressure during the week. The US government slapped harsh restrictions on the Semiconductor Manufacturing International Corporation (SMIC), as the Trump administration continued to pressurize Chinese firms during its final weeks.
Moreover, China’s military accused the United States of jeopardizing peace and stability in the Taiwan Strait by sending a guided-missile destroyer through the waterway on Saturday. These developments have limited the losses in the GOLD prices.
Daily Technical Levels
Pivot Point: 1,886.10