Gold price today (August 23): The world increased slightly
World gold price this morning continued to increase slightly with spot gold up 2.9 USD to 1,897.2 USD/ounce. December gold futures last traded at $1,926.0 per ounce, up $2.30 from dawn yesterday.
World gold price increased slightly in yesterday session 22-8. Short-term offsets and some light bargain hunting are believed to have been the hallmarks of the precious metal's rally, after hitting a five-month low in recent times.
Despite recent selling pressure, analysts note that the gold market is resilient despite bond yields rising to new 15-year highs. Overnight, the US 10-year bond yield rose to 4.36%, the highest level since late 2007. They also note that a rise in bond yields is negative for gold because it does increases the opportunity cost of holding zero-yield assets like gold. Despite rising bond yields, gold prices managed to hold onto a key support level.
World gold price increased slightly in yesterday session 22-8. Short-term offsets and some light bargain hunting are believed to have been the hallmarks of the precious metal's rally, after hitting a five-month low in recent times.
Despite recent selling pressure, analysts note that the gold market is resilient despite bond yields rising to new 15-year highs. Overnight, the US 10-year bond yield rose to 4.36%, the highest level since late 2007. They also note that a rise in bond yields is negative for gold because it does increases the opportunity cost of holding zero-yield assets like gold. Despite rising bond yields, gold prices managed to hold onto a key support level.
Note
XAUUSD SELL 1904 -1906🕯✅ TP1: 1911
✅ TP2: 1913
⚠️ SL: 1900
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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.