World gold price today

2 Jan

Over the past 10 years, January has typically been the best month for gold. However, Low said that is not necessarily true in the post-pandemic era when countries are still struggling. He pointed out that while recent data shows that Chinese gold demand has been strong over the past 12 months, some US factors could hold back gold prices this month. Investors are still looking at the hawkish factors at the US central bank’s final policy meeting of the year, he said. The revelation that the Fed will slow its pace of rate cuts this year has put the US dollar in a good position, which is not very positive for the precious metal.

Another issue Low noted was that the technical outlook for the yellow metal had deteriorated somewhat over the past week. He observed that prices had fallen below the 100-day moving average for the first time in more than a year. Although prices have rebounded in subsequent sessions on the back of buying from investors, he noted that this is also a negative sign for gold.

2 Jan

Dagangan aktif

🔥🔥 The probability that the Fed will keep interest rates unchanged in January next year is 88.8%

According to CME's "Fed Watch": the probability that the Federal Reserve will keep interest rates unchanged in January next year is 88.8% and the probability of cutting interest rates by 25 basis points is 11.2%. The probability of keeping the current interest rate unchanged until March next year is 49.7%, the probability of a cumulative interest rate cut of 25 basis points is 45.3% and the probability of a cumulative interest rate cut of 50 basis points is 4.9%.

2 Jan

Dagangan ditutup: sasaran tercapai

🔥 GOLD SELL 2636 - 2638🔥

💵 TP1: 2615
💵 TP2: 2605
💵 TP3: OPEN

🚫 SL: 2645