XAU dropped sharply in today's trading session
Cập nhật
The USD increased slightly thanks to bottom-catching demand after this currency continuously decreased recently. Previously, the USD fell because there were more signals that the US would soon cut interest rates.
Gold prices in the international market decreased mainly because the USD inched up slightly and the commodity closely related to gold, oil, plummeted.
It can be seen that in the medium and long term, the USD is under pressure to decrease in price following the loosening of US monetary policy. Gold price will thereby be supported.
However, it is likely that it will take until September or November for the US to cut interest rates. Many other central banks such as Europe's ECB or Britain's BOE may cut interest rates sooner. This also means that, in the short term, the USD may still increase.
When the USD moves up, it will be difficult for precious metal products to increase in price, or even decrease due to a prolonged increase from the end of 2023 until now.
Gold prices in the international market decreased mainly because the USD inched up slightly and the commodity closely related to gold, oil, plummeted.
It can be seen that in the medium and long term, the USD is under pressure to decrease in price following the loosening of US monetary policy. Gold price will thereby be supported.
However, it is likely that it will take until September or November for the US to cut interest rates. Many other central banks such as Europe's ECB or Britain's BOE may cut interest rates sooner. This also means that, in the short term, the USD may still increase.
When the USD moves up, it will be difficult for precious metal products to increase in price, or even decrease due to a prolonged increase from the end of 2023 until now.
Ghi chú
BUY XAU
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.