Gold prices have just gone through a week of strong increases
World gold price stood at 1,945 USD/ounce, up 6 USD/ounce compared to last week's closing session. Gold prices have just gone through a week of strong increases. For the whole week, gold increased by more than 1.25% in value.
The gloomy US economic data released last week shows that the Fed is unlikely to raise interest rates at this month's meeting. Besides, the USD and US government bond yields are also under downward pressure before these figures, thereby supporting gold prices.
The gloomy US economic data released last week shows that the Fed is unlikely to raise interest rates at this month's meeting. Besides, the USD and US government bond yields are also under downward pressure before these figures, thereby supporting gold prices.
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