Gold prices remained steady during the midweek session as the market balanced out following a recent surge that brought gold to its highest point in seven weeks. According to experts, this stability provides a temporary relief for gold before it potentially reaches new record highs.
The charts have recently taken on a positive outlook for the valuable metal, causing technical speculators to take a bullish stance.
With the US Federal Reserve appearing to conclude its most aggressive tightening cycle in four decades, it is expected that gold will continue its upward trend in the future, reaching new highs.
The charts have recently taken on a positive outlook for the valuable metal, causing technical speculators to take a bullish stance.
With the US Federal Reserve appearing to conclude its most aggressive tightening cycle in four decades, it is expected that gold will continue its upward trend in the future, reaching new highs.
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No major data/events scheduled to shake markets ahead of next week’s FOMC.
