Latest gold market update today
Dear readers, The market's attention is currently focused on the upcoming release of the Personal Consumption Expenditures (PCE) index, which is expected to be published on Friday. The data is anticipated to provide further clues about the Federal Reserve's policy meeting next week.
Regarding the outlook analysis: Gold, a safe-haven asset used to hedge against political and economic uncertainties, will lose its attractiveness if interest rates rise.
The upward price trend is being reinforced more strongly than ever. At the time of writing, the price of gold is trading at $1987. In this weekend's trading session, the psychological level of $2000 will likely hold steady. As for today's trading session, gold is expected to remain relatively calm.
Regarding the outlook analysis: Gold, a safe-haven asset used to hedge against political and economic uncertainties, will lose its attractiveness if interest rates rise.
The upward price trend is being reinforced more strongly than ever. At the time of writing, the price of gold is trading at $1987. In this weekend's trading session, the psychological level of $2000 will likely hold steady. As for today's trading session, gold is expected to remain relatively calm.
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Just like two weeks ago, the world gold market witnessed the power of buying strong $ 2000 in the last session of the week when investors want to protect their assets on the weekend when they moved in the Middle East. is sure.
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