Gold may continue to increase in the near future (08/30/2023)
World gold price on Kitco opened the trading session at 1936.6 - 1937.6 USD/ounce. During the weekend session, gold prices fluctuated between 1914 - 1939.2 USD/ounce.
Gold prices hit three-week high. A much weaker-than-expected U.S. job turnover report (JOLTS) and a much weaker-than-expected consumer confidence index boosted buying demand with precious metal.
The US dollar index sold off and US Treasury yields fell following the data. This is the start of a big week for US economic reports. December gold was recently up $17.30 at $1,963.90 an ounce.
The US dollar index is lower. Nymex crude oil futures are a bit more stable and trading around $80.50/barrel. The benchmark 10-year U.S. Treasury note is currently yielding 4.131%.
Gold prices hit three-week high. A much weaker-than-expected U.S. job turnover report (JOLTS) and a much weaker-than-expected consumer confidence index boosted buying demand with precious metal.
The US dollar index sold off and US Treasury yields fell following the data. This is the start of a big week for US economic reports. December gold was recently up $17.30 at $1,963.90 an ounce.
The US dollar index is lower. Nymex crude oil futures are a bit more stable and trading around $80.50/barrel. The benchmark 10-year U.S. Treasury note is currently yielding 4.131%.
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80 pips
80 pips
TP1 : 1945
TP2: 1947
SL : 1925