Gold started to go down - 20/07/2023
Gold prices dropped from a recent peak reached the day before, as the dollar strengthened despite expectations of the US Federal Reserve pausing interest rate hikes after July.
The dollar saw a 0.2 percent increase after hitting a one-year low on July 18. This made gold, which is priced in dollars, more expensive for buyers using other currencies.
When interest rates are low, it becomes less costly to hold assets like gold that don't generate income.
The dollar saw a 0.2 percent increase after hitting a one-year low on July 18. This made gold, which is priced in dollars, more expensive for buyers using other currencies.
When interest rates are low, it becomes less costly to hold assets like gold that don't generate income.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.