XAUUSD : Continuing uptrend
The price of precious metals remains stable at a high level due to increasing risk aversion in the midst of ongoing conflicts in the Middle East.
However, the upward momentum of gold has been limited after better-than-expected US economic reports. Currently, the metal is trading at 1993 and has dropped 12 USD in a day.
Gold is expected to experience significant fluctuations this week, but it is uncertain which direction the price will move. Therefore, the market is eagerly awaiting the decision at the upcoming meeting of the US Federal Reserve. If it brings good news for gold, there is a possibility that it could reach 2050 USD.
However, the upward momentum of gold has been limited after better-than-expected US economic reports. Currently, the metal is trading at 1993 and has dropped 12 USD in a day.
Gold is expected to experience significant fluctuations this week, but it is uncertain which direction the price will move. Therefore, the market is eagerly awaiting the decision at the upcoming meeting of the US Federal Reserve. If it brings good news for gold, there is a possibility that it could reach 2050 USD.
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