Gold has not cooled down yet, enter to buy today

After reaching 2,450 USD/ounce in the previous trading session, today's gold price on the international market has cooled down but not significantly.

At 6 a.m. on May 22, the world gold price was trading at 2,422 USD/ounce, down 6 USD compared to the price at the same time the previous day which was 2,428 USD/ounce.

Analysts say international gold prices cool down as investors sell to take profits.

On the other hand, some officials of the US Federal Reserve (FED) continue to announce that interest rates will remain high for a long time. Since then, the USD has increased in value compared to many other foreign currencies. Gold price today is in a disadvantageous position.

Another development is that US stocks increased quite strongly. This has prompted many people to take interest in the stock. Accordingly, money flowing into precious metals is dominated. Today's world gold price inevitably cools down.