Gold prices during the holiday season!
Hello dear friends!
Let's take a look at the market with Karina!
Today, our market is entering a holiday period where trading has ceased. The price of gold is resting at the milestone of 2053 USD, and there are some important points to note:
Regarding news impacting gold: -The latest data has raised expectations that the Federal Reserve (Fed) will cut interest rates at the beginning of next year. -The index (DXY) is at 101.76 points. The USD is weak, close to its lowest level in 5 months. The US 10-year bond yield is hovering near its lowest level since July 2023. Both of these factors support the upward trend of gold.
Prospects and trends: -The price of gold will continue to be supported by lower bond yields and a weaker greenback, as well as concerns about economic recession. -From a technical standpoint, the price of gold could reach $2,100 per ounce. The precious metal may revisit recent record levels if the current economic situation remains stable.
What about you? What do you think?
Let's take a look at the market with Karina!
Today, our market is entering a holiday period where trading has ceased. The price of gold is resting at the milestone of 2053 USD, and there are some important points to note:
Regarding news impacting gold: -The latest data has raised expectations that the Federal Reserve (Fed) will cut interest rates at the beginning of next year. -The index (DXY) is at 101.76 points. The USD is weak, close to its lowest level in 5 months. The US 10-year bond yield is hovering near its lowest level since July 2023. Both of these factors support the upward trend of gold.
Prospects and trends: -The price of gold will continue to be supported by lower bond yields and a weaker greenback, as well as concerns about economic recession. -From a technical standpoint, the price of gold could reach $2,100 per ounce. The precious metal may revisit recent record levels if the current economic situation remains stable.
What about you? What do you think?
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