Latest gold price update today: Gold price decreased
Brian greets you all!
The price of gold continues to decline today, currently trading at a low price of $1900 due to selling pressure caused by the strengthening of the US dollar (USD) ahead of highly anticipated inflation data on Friday.
Looking at the 4-hour chart, Gold has dropped without finding support at $1905. It wouldn't be surprising if gold continues to test lower levels with prospects from the Fibonacci retracement. $1890 is a perfect number with strong support, indicating the potential for a price rebound from this level.
The price of gold continues to decline today, currently trading at a low price of $1900 due to selling pressure caused by the strengthening of the US dollar (USD) ahead of highly anticipated inflation data on Friday.
Looking at the 4-hour chart, Gold has dropped without finding support at $1905. It wouldn't be surprising if gold continues to test lower levels with prospects from the Fibonacci retracement. $1890 is a perfect number with strong support, indicating the potential for a price rebound from this level.
Komen:
good luck
Komen:
The USD soared in value as investors were frightened by the commitment of major central banks to maintain high interest rates and control inflation.
Komen:
According to CME Group's Fedwatch tool, traders see a nearly 82% chance that interest rates will stabilize at 5.25 - 5.50% at the November monetary policy meeting.
Komen:
Gold fell as indicated, reaching a low at 1891 USD
Komen:
Gold remains under pressure below $1,900 amid stronger USD
Komen:
Komen:
Minneapolis Fed President Neel Kashkari raised the possibility of needing to raise interest rates "in a meaningful way" to deal with inflation.
