Gold officially set a historic peak, surpassing the 2,440 mark!

Gold has just set a new all-time high, as investor demand across the entire market skyrocketed due to growing confidence that the US will cut interest rates this year.

Gold bullion increased 1.1%, reaching $2,440.59/oz early in the Asian session, surpassing the previous record set in April. This price increase is said to be due to traders becoming increasingly confident that the Fed may reduce interest rates as early as September this year.

The dollar fell and US government bonds rose sharply last week, after data released on Wednesday showed April inflation fell more than expected. This is supportive for gold, a precious metal that does not yield interest and is priced in USD.

Transaction en cours:

🔝 XAUUSD BUY 2428 - 2430 🪙🪙🪙

✔️ TP 2435
✔️ TP2 2440

❌ SL 2420

🔝 XAUUSD BUY LIMIT 2423 - 2425 🪙🪙🪙

✔️ TP : 2430
✔️ TP1 : 2435

❌ SL 2415

Transaction en cours:

💵HIT TP1 + 60 pips ⚡️⚡️⚡️ 🪙🪙🪙

Transaction en cours:

💵+ 100 pips ⚡️⚡️⚡️ 🪙🪙🪙

Transaction en cours:

💵+ 120 pips ⚡️⚡️⚡️ 🪙🪙🪙

Commentaire:

💵+ 160 pips ⚡️⚡️⚡️ 🪙🪙🪙

Commentaire:

💵+ 210 pips ⚡️⚡️⚡️ 🪙🪙🪙