Hello comrades, currently the price of gold may find it difficult to increase as bonds and the US dollar are on a strong rise. Investors are shifting from investing in gold to other profitable investments.
Because of this, gold may continue to face pressure as investment demand decreases, unless there is some kind of instability or the US dollar weakens when the Federal Reserve shifts its focus towards interest rate cuts.
It is predicted that this week gold could drop below the 1870 mark if the US dollar continues its current trend of strong growth.
Because of this, gold may continue to face pressure as investment demand decreases, unless there is some kind of instability or the US dollar weakens when the Federal Reserve shifts its focus towards interest rate cuts.
It is predicted that this week gold could drop below the 1870 mark if the US dollar continues its current trend of strong growth.
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good luck everyone
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How do you see the gold price today?
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He also maintains a long-term bullish outlook for gold but sees a downside risk this week, said Ole Hansen, head of commodity strategy at Saxo Bank.
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The price of gold this week is still a mystery, many investors are hoping that the real gold price will not surpass the price mark of 1880 USD.
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The market received some support when the USD Index experienced a slight decrease of 0.1%. However, US 10-year yields continued their upward trend and reached 4.3439%, marking their highest level since October.
