Last week, the global gold market maintained its position at $1,914.80 per ounce.
The precious metal started the new week with slight fluctuations, continuing to trade around the $1915 per ounce level without much change.
Meanwhile, the USD is still on an upward trend. At the time of analysis, the DXY index measuring fluctuations in major currencies (EUR, JPY, GBP, CAD, SEK CHF) increased by 0.01% to reach 104.09.
The precious metal started the new week with slight fluctuations, continuing to trade around the $1915 per ounce level without much change.
Meanwhile, the USD is still on an upward trend. At the time of analysis, the DXY index measuring fluctuations in major currencies (EUR, JPY, GBP, CAD, SEK CHF) increased by 0.01% to reach 104.09.
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What do you think about the price of gold today?
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In an online poll, 69% expect gold to rise next week, 20% expect gold to fall, and more than 10% expect it to move sideways.
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The revised second-quarter GDP report, along with consumer and producer price indexes, will also help investors confirm the Fed's interest rate trajectory as it tries to balance inflation and growth risks. .
