Gold Approaching $5,000 Pullback Likely as Geopolitical Tensions Ease
Gold is nearing the key $5,000 mark, but a pullback appears probable as global geopolitical tensions have cooled. The approach to this major
psychological level further raises the likelihood of a correction. At present, there’s little indication that gold can sustain a strong upward move without first seeing a deeper retracement.
In related developments, former President Donald Trump announced that the US has secured permanent access to Greenland via a NATO agreement. This prompted NATO leaders to stress the need for enhanced Arctic security amid potential risks from Russia and China. Meanwhile, EU leaders held an emergency summit in Brussels, signaling a notable shift in previous Greenland policy.
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