Gold prices continued to increase rapidly on the last tradingday
The price of gold continues to trade in line with its previous trend, accelerating the pace of recovery over the weekend and closing at a price of $2002.
As the holiday season approaches in the US, the international gold market appears to be relatively stable, with the upward momentum of prices being maintained. There is confidence that the Federal Reserve will cut interest rates in the middle of next year. The latest Fed meeting minutes indicate that the central bank will cautiously adjust its interest rate policy, reducing pressure on precious metals and helping to strengthen their recovery potential.
If there are no external factors affecting these metals, it is expected that the upward movement of gold will continue to accelerate next week, reaching milestones of $2007 and then $2010.
As the holiday season approaches in the US, the international gold market appears to be relatively stable, with the upward momentum of prices being maintained. There is confidence that the Federal Reserve will cut interest rates in the middle of next year. The latest Fed meeting minutes indicate that the central bank will cautiously adjust its interest rate policy, reducing pressure on precious metals and helping to strengthen their recovery potential.
If there are no external factors affecting these metals, it is expected that the upward movement of gold will continue to accelerate next week, reaching milestones of $2007 and then $2010.
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