XAUUSD - Continue to trade quietly!
Today, the price of gold is hovering around $2309, showing a downward trend as the US dollar has risen approximately 4% against the basket of six major currencies.
Despite the strong global demand for precious metals, particularly in Asian regions such as China, India, and South Korea, the robustness of the USD continues to exert downward pressure on gold prices.
Many recent forecasts suggest that gold may experience downward pressure during the summer months, possibly in May or June, as the Fed is expected to delay monetary policy reversals, thereby keeping the USD high.
However, towards the end of the year, gold is expected to rebound and may even reach new highs.
Despite the strong global demand for precious metals, particularly in Asian regions such as China, India, and South Korea, the robustness of the USD continues to exert downward pressure on gold prices.
Many recent forecasts suggest that gold may experience downward pressure during the summer months, possibly in May or June, as the Fed is expected to delay monetary policy reversals, thereby keeping the USD high.
However, towards the end of the year, gold is expected to rebound and may even reach new highs.
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