Gold rebounded after falling at the beginning of the session
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Gold price today April 8, 2024 on the world market increased dramatically, reaching a new record level of nearly 2,342 USD/ounce after adjusting downward in the morning.
Gold prices set a record thanks to high trading volume after US Federal Reserve Chairman Jerome Powell emphasized that recent data will not change the overall economic situation. The US economy continues to grow positively, experts say the Fed still maintains its view on adjusting interest rates this year.
Strong money flows are flowing into gold. Technically, gold prices may decrease next week. But according to this expert, the technical chart has no meaning right now, central banks continue to buy, which causes gold prices to still increase.
In addition, increasing tensions in the Middle East also boost the demand for safe assets such as gold.
Strong buying by central banks and speculative activity are supporting gold prices.
Gold prices set a record thanks to high trading volume after US Federal Reserve Chairman Jerome Powell emphasized that recent data will not change the overall economic situation. The US economy continues to grow positively, experts say the Fed still maintains its view on adjusting interest rates this year.
Strong money flows are flowing into gold. Technically, gold prices may decrease next week. But according to this expert, the technical chart has no meaning right now, central banks continue to buy, which causes gold prices to still increase.
In addition, increasing tensions in the Middle East also boost the demand for safe assets such as gold.
Strong buying by central banks and speculative activity are supporting gold prices.
Nota
Nota
Gold is still maintaining a very good price channel, with volume accumulation at points.
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