Gold price continues to the discount!
Hello everyone, Brian here! What are your thoughts on the gold price today?
Gold is continuing its downward trend after completing a correction phase. Currently, it is trading around $2329 and is experiencing a significant decline due to the rising U.S. Treasury bond yields and a stronger Dollar following last evening. Additionally, the upcoming PCE report this Friday is expected to increase the downside risk for gold.
Gold is continuing its downward trend after completing a correction phase. Currently, it is trading around $2329 and is experiencing a significant decline due to the rising U.S. Treasury bond yields and a stronger Dollar following last evening. Additionally, the upcoming PCE report this Friday is expected to increase the downside risk for gold.
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