Major resistance emerges in the upward movement of gold: European Central Bank warns that the gold market may threaten financial stability in the Eurozone.

According to the Finance and Economics APP, a recent research report released by economists from the European Central Bank shows that the gold market may become a core source of financial stability risk in the Eurozone under geopolitical pressure. If things go wrong, a combination of factors such as market demand shifting towards physical delivery, the dominant position of large traders, leverage levels, and certain opaque large trades could pose a threat to the overall financial system in the Eurozone. The four economists from the European Central Bank wrote in a research report released on Monday that this report will be included in a larger risk report to be published on Wednesday.