Gold trends today and future forecasts

Hello everyone, are you wondering about the price of gold today? Currently, gold is trading at $1920 USD. It can be seen that gold is under pressure in the context of the DXY index (which measures the volatility of the USD against 6 major currencies worldwide) still at a high level, around 104.7 points.

Investors choose USD when the US stock market typically has negative developments in September. Gold is currently trending downwards in the short term due to a lack of new supporting factors.

Currently, Fed is still tightening monetary policy and maintaining interest rates at record highs for decades. This is a supporting factor for USD and has a negative impact on gold.

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good luck everyone

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Gold is following the right indicator

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Gold prices rose today as US Treasury yields fell, although US jobs data prevented the dollar from falling.