Gold prices are currently trading around the $1923 per ounce mark and are experiencing significant increases. Gold has surpassed the important threshold of $1920, with its next target being $1930. Buying is still the main trend.
The support for this precious metal is likely due to the decline in the US dollar and bond yields, as investors await a series of US economic data to gain more insights into future interest rates.
Looking at the long-term outlook, gold could see a considerable price increase as the US economy prepares for a period of very low growth combined with persistent inflation.
The support for this precious metal is likely due to the decline in the US dollar and bond yields, as investors await a series of US economic data to gain more insights into future interest rates.
Looking at the long-term outlook, gold could see a considerable price increase as the US economy prepares for a period of very low growth combined with persistent inflation.
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How do you feel about the gold price today?
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Gold is on the right track
