Gold continues to wait, BUY GOLD?
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Gold continues to trade around the price range of 1927-1928 USD/ounce according to gold measurement with no significant fluctuations compared to yesterday's trading session. Together with the FED, it continues to maintain monetary interest rates at 5.25-5.5%, the highest level in 22 years. That is the impetus for the US dollar to reverse its trend and start to increase in price.
As a result, the US stock market turned red. Many investors have transferred capital to USD, causing this currency to increase in price even more and causing gold to have a quiet trading session.
As a result, the US stock market turned red. Many investors have transferred capital to USD, causing this currency to increase in price even more and causing gold to have a quiet trading session.
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Gold decreased according to technical indicatorsCommentaire
The DXY index (which measures the greenback's fluctuations against 6 major world currencies) traded at 105.5 points.
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