XAUUSD slightly up August 29, 2023
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Gold price on the world market this afternoon, August 29, fluctuated slightly. The world spot gold price is around $1,922.9/ounce, up 3.10/ounce compared to this morning. December gold futures traded at $1,950.8 per ounce, up $2.8 from this morning.
Forecasting the gold price trend, the latest weekly Gold Survey results of Kitco News show that most retail investors expect gold prices to increase in the week ending September 1.
Meanwhile, market analysts remain cautious heading into the last weekend of August. Looking at the direction of gold in the term, some experts think that gold could increase significantly when The Standardized American Economy entered a period of very low growth combined with airspeed.
Forecasting the gold price trend, the latest weekly Gold Survey results of Kitco News show that most retail investors expect gold prices to increase in the week ending September 1.
Meanwhile, market analysts remain cautious heading into the last weekend of August. Looking at the direction of gold in the term, some experts think that gold could increase significantly when The Standardized American Economy entered a period of very low growth combined with airspeed.
Note
XAUUSD BUY 1921 - 1923TP1 : 1931
TP2 : 1933
SL : 1917
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