Hello dear readers: At present, the price of gold is 1921 USD, a strong increase of 20 USD compared to the same time yesterday. Selling is currently the main trend.
Gold has experienced a significant increase after a period of stagnation due to the weakening of the US dollar. This morning, the US Dollar Index, which measures fluctuations in the greenback, decreased by 0.19%, increasing gold's attractiveness among investors.
The European Central Bank (ECB) is expected to temporarily halt its tightening cycle. Additionally, most interest rates in the United States are predicted to remain high due to increasing inflation pressures. The market will closely monitor any changes in the Fed's inflation reduction targets.
Gold has experienced a significant increase after a period of stagnation due to the weakening of the US dollar. This morning, the US Dollar Index, which measures fluctuations in the greenback, decreased by 0.19%, increasing gold's attractiveness among investors.
The European Central Bank (ECB) is expected to temporarily halt its tightening cycle. Additionally, most interest rates in the United States are predicted to remain high due to increasing inflation pressures. The market will closely monitor any changes in the Fed's inflation reduction targets.
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How do you feel about the gold price today?
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Gold also increased because many stock markets around the world were under pressure to reduce because the economy received many negative signals.
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The world USD appreciated strongly in the middle of the last week when China continued to loosen monetary policy, causing the yuan to weaken further.
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While bullish on gold prices for the rest of the year, it should be noted that the precious metal will face some significant challenges in the near term.
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Despite the strong rise of USD, gold prices are still adjusting within a narrow range without much concern.
