World gold price increased sharply to 2,477 USD/ounce
The price of gold traded on the world market this afternoon, August 13, stood at 2,462.1 USD/ounce, down 11.8 USD/ounce compared to the morning session. Gold futures price was at 2,500.8 USD/ounce, down 8.3 USD/ounce compared to the morning session. Thus, with this morning's trading session, world gold decreased.
Having received support for the gold price trend, some experts believe that the US Federal Reserve (FED) will provide monetary policy at the upcoming meeting, also supporting the price increase forum. of these precious metals. According to CME group's FedWatch interest rate tracking tool, the market is pricing in a 49% chance that the Fed will cut interest rates by 50 basis points next September.
The current gold market goes up and down very quickly, making it difficult for traders to choose a direction in the short term, but experts still expect that gold will increase in price by the end of the year.
Having received support for the gold price trend, some experts believe that the US Federal Reserve (FED) will provide monetary policy at the upcoming meeting, also supporting the price increase forum. of these precious metals. According to CME group's FedWatch interest rate tracking tool, the market is pricing in a 49% chance that the Fed will cut interest rates by 50 basis points next September.
The current gold market goes up and down very quickly, making it difficult for traders to choose a direction in the short term, but experts still expect that gold will increase in price by the end of the year.
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The previous core ppi for the previous period was 0.4%, so it was revised to 0.3% but still unsuccessful.
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