GOLD -Strong buying force, gold price maintained at a high level
Hello, wonderful Karina friends! What do you think, will the price of gold increase or decrease today?
Currently, the price of gold is fluctuating around $1995 at the start of the trading session. Although it has slipped below the $2000 mark, it still maintains stability at a high price level.
Despite the increase in US bond yields and the strengthening of the USD, gold continues to rise in value due to investors flocking to this precious metal to seek safety for their assets amidst the escalating conflict in the Middle East. This is the main reason why gold remains stable at a high price range.
Regarding the expected future price of gold:
The market is eagerly awaiting this week's monetary policy meeting by the Fed. Investors should pay attention to the monetary policy decisions of the Bank of England and the Bank of Japan.
This week is also crucial for the US labor market, with the release of the non-farm payroll report for October scheduled for Friday. Until these news releases, gold trading will become more enticing than ever! Wishing you all good luck.
Currently, the price of gold is fluctuating around $1995 at the start of the trading session. Although it has slipped below the $2000 mark, it still maintains stability at a high price level.
Despite the increase in US bond yields and the strengthening of the USD, gold continues to rise in value due to investors flocking to this precious metal to seek safety for their assets amidst the escalating conflict in the Middle East. This is the main reason why gold remains stable at a high price range.
Regarding the expected future price of gold:
The market is eagerly awaiting this week's monetary policy meeting by the Fed. Investors should pay attention to the monetary policy decisions of the Bank of England and the Bank of Japan.
This week is also crucial for the US labor market, with the release of the non-farm payroll report for October scheduled for Friday. Until these news releases, gold trading will become more enticing than ever! Wishing you all good luck.
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