Gold price continues to increase
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Gold price today is moving around $ 2028 and is supported in the context of a British cargo ship attacked in Yemen. Since then, financial investors are concerned about escalating geopolitical tensions, motivating them to bring capital into gold to preserve capital.
On the other hand, the market expects the gold trading will be exciting when China's leading consumer country, resuming trade activities after the Lunar New Year holiday.
Meanwhile, the dollar is influenced by the increasing speculation of the Federal Reserve (Fed) will keep the higher interest rate in a longer period. Therefore, the potential for gold price can be generated from USD discount, if Fed officials are soft in cutting interest rates.
On the other hand, the market expects the gold trading will be exciting when China's leading consumer country, resuming trade activities after the Lunar New Year holiday.
Meanwhile, the dollar is influenced by the increasing speculation of the Federal Reserve (Fed) will keep the higher interest rate in a longer period. Therefore, the potential for gold price can be generated from USD discount, if Fed officials are soft in cutting interest rates.
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