World gold costs dropped sharply withinside

World gold prices dropped sharply in the context of the rising USD index. Recorded at 0:00 on October 9, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 102,340 points (up 0.04%).

World gold prices faced a wave of selling when a senior official of Hezbollah expressed support for Lebanese officials' efforts towards a ceasefire. Market participants are seeing the news as a easing of tensions in the Middle East.

Not only gold, news about Hezbollah has "sunk" the crude oil market - a commodity that is closely related to precious metals. Nymex crude oil price decreased by about 3.75 USD/barrel to 73.5 USD/barrel.

💎 GOLD buy 2617- 2615💎

✔️TP1: 2625
✔️TP2: 2635
✔️TP3: OPEN

🚫SL: 2609

💎 GOLD sell 2637- 2635💎

✔️TP1: 2625
✔️TP2: 2615
✔️TP3: OPEN

🚫SL: 2643