Alexia , hello every one!
The price of gold continues to decline today, trading at $1966 and losing 0.12% during the day.
Gold is under pressure to decrease as the US dollar in the international market rapidly rebounds after a decline due to the Federal Reserve's dovish signals. The DXY index, which measures the fluctuations of the US dollar against a basket of six major currencies, has risen from 105 points to 105.7 points and plays a significant role as a strong resistance to the rise in the price of precious metals.
Forecast for gold and future trends:
Despite the significant decrease, demand for this commodity is increasing again, and some forecasts suggest that gold may not decline deeply as it is also considered a safe haven asset during times of increased political tensions.
Moreover, it is difficult for the US dollar to strengthen significantly as the Fed has signaled a less hawkish stance and the US is nearing the end of its interest rate hike cycle. The decline may form around the $1950 level.
The price of gold continues to decline today, trading at $1966 and losing 0.12% during the day.
Gold is under pressure to decrease as the US dollar in the international market rapidly rebounds after a decline due to the Federal Reserve's dovish signals. The DXY index, which measures the fluctuations of the US dollar against a basket of six major currencies, has risen from 105 points to 105.7 points and plays a significant role as a strong resistance to the rise in the price of precious metals.
Forecast for gold and future trends:
Despite the significant decrease, demand for this commodity is increasing again, and some forecasts suggest that gold may not decline deeply as it is also considered a safe haven asset during times of increased political tensions.
Moreover, it is difficult for the US dollar to strengthen significantly as the Fed has signaled a less hawkish stance and the US is nearing the end of its interest rate hike cycle. The decline may form around the $1950 level.
Dagangan aktif
Nota
Dagangan ditutup: sasaran tercapai
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.