On Wednesday, gold prices reached a high that has not been seen in a month and a half. This increase was mainly due to the weakening of the dollar caused by a shift in the U.S. interest rate forecast.
Despite the positive economic data and the optimism of analysts, the outlook for interest rates keeps the dollar subdued and enhances the demand for gold. However, the potential for growth may be restricted as it is unlikely that rate cuts will begin soon.
Despite the positive economic data and the optimism of analysts, the outlook for interest rates keeps the dollar subdued and enhances the demand for gold. However, the potential for growth may be restricted as it is unlikely that rate cuts will begin soon.
