Hello dear friends, let's explore the price of gold today with RKarina!
Currently, gold continues to maintain its strong position on Thursday, with prices showing a significant increase from $2175 at the same time yesterday, and currently hovering around $2190.
As a result, the precious metal is on an upward trend as investors await inflation data from the United States. The report on the core Personal Consumption Expenditures (PCE) index for February is expected to provide new clues about the timing of the Federal Reserve's policy shift. The core PCE in the US increased by 0.3% in January.
These pieces of information, combined with technical analysis from the charts, seem to indicate a positive outlook for gold. The EMA 34 and 89 still give us positive signals for an upward trend, with expectations of reaching a high of $2222 once again.
What are your thoughts on the current trend of gold?
Currently, gold continues to maintain its strong position on Thursday, with prices showing a significant increase from $2175 at the same time yesterday, and currently hovering around $2190.
As a result, the precious metal is on an upward trend as investors await inflation data from the United States. The report on the core Personal Consumption Expenditures (PCE) index for February is expected to provide new clues about the timing of the Federal Reserve's policy shift. The core PCE in the US increased by 0.3% in January.
These pieces of information, combined with technical analysis from the charts, seem to indicate a positive outlook for gold. The EMA 34 and 89 still give us positive signals for an upward trend, with expectations of reaching a high of $2222 once again.
What are your thoughts on the current trend of gold?
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