GOLD - Continue the upward strategy
In the previous week, the price of spot gold rose by over 1.25%, reaching a closing rate of 1,940.75 USD per ounce at the end of the weekend session. This surge was driven by a nonfarm payrolls report which revealed an increase in unemployment and ongoing fragility in the US industrial production index.
According to Kitco News' most recent survey on gold, more than two-thirds of individual investors anticipate a rise in global gold prices for the upcoming week.
According to Kitco News' most recent survey on gold, more than two-thirds of individual investors anticipate a rise in global gold prices for the upcoming week.
Komen:
Marc Chandler - Managing Director at Bannockburn Global Forex also expects gold prices to increase this week.
Komen:
The Fed says it will need to consider a slowdown in the labor market as a condition for ending the current tightening cycle.
- Region 1935 watch BUY
- Area 1950 watch SEL