XAUUSD today
Hello everyone,
Gold prices today continue to slide, dropping to $2,642, down 0.6% on the day.
This decline is largely driven by the U.S. Dollar (USD) extending its strong recovery, after hitting its lowest point since July 2023, now reaching its highest level in three weeks. This comes amid fading expectations of the Federal Reserve (Fed) implementing further aggressive monetary easing.
Moreover, gold closing below the $2,650 mark signals that the precious metal is entering a short-term bearish zone, with the next target expected to hit $2,630.
What are your thoughts on the current gold price situation?
Gold prices today continue to slide, dropping to $2,642, down 0.6% on the day.
This decline is largely driven by the U.S. Dollar (USD) extending its strong recovery, after hitting its lowest point since July 2023, now reaching its highest level in three weeks. This comes amid fading expectations of the Federal Reserve (Fed) implementing further aggressive monetary easing.
Moreover, gold closing below the $2,650 mark signals that the precious metal is entering a short-term bearish zone, with the next target expected to hit $2,630.
What are your thoughts on the current gold price situation?
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Publications connexes
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.