On the world market, the price of gold traded on the Kitco floor on August 28 traded at 1,915.5 USD/ounce.
The gold market could be volatile after macroeconomic data is released this week, analysts say. US economic developments continue to play an important role in investor sentiment.
In the short term, gold is stuck by the words of US Federal Reserve Chairman Jerome Powell, interest rates will remain high.
Phillip Streible, chief market strategist at Blue Line Futures, thinks early advisors will have a more important view of winning gold in the near term.
Any sign of weakness in the economy could mean that the Bank of America doesn't need to raise rates any further, said Christopher Vecchio, head of futures and exceptions at Tastylive. will support value gold.
XAUUSD SELL 1922- 1924🕯
✔️ TP1: 1916
✔️ TP2: 1910
🚫 SL: 1930
The gold market could be volatile after macroeconomic data is released this week, analysts say. US economic developments continue to play an important role in investor sentiment.
In the short term, gold is stuck by the words of US Federal Reserve Chairman Jerome Powell, interest rates will remain high.
Phillip Streible, chief market strategist at Blue Line Futures, thinks early advisors will have a more important view of winning gold in the near term.
Any sign of weakness in the economy could mean that the Bank of America doesn't need to raise rates any further, said Christopher Vecchio, head of futures and exceptions at Tastylive. will support value gold.
XAUUSD SELL 1922- 1924🕯
✔️ TP1: 1916
✔️ TP2: 1910
🚫 SL: 1930
