Gold Price Prediction September 1, 2023
Data released this week show U.S. economic growth slowing slightly in the second quarter of 2023 from earlier reports, while the number of available jobs in the U.S. fell to low levels. Due to an easing labor market, it is scheduled for July 2023, just under two and a half years later. The dollar index has fallen about 1 percent since the start of the week, U.S. Treasury yields have fallen about 3 percent since the start of the week, and discounted gold prices have climbed to their highest level since the start of the month. . Silver spot prices also fell 0.4% to $24.55 an ounce after hitting a more than one-month high in the previous session. Platinum rose 0.3% to $976.16 an ounce, its second straight month of gains. Palladium rose 0.6% to $1,229.56 an ounce, but is expected to fall nearly 4% in August.
TP1: 1945
TP2: 1955
SL :1930