World gold price this morning tended to increase with spot gold increasing by 1.3 USD, so with last week's closing session, it was 1,914.4 USD/ounce.
The dollar continued to increase for the fourth week in a row and closed the week session higher. Initially, the DXY Index dipped below the 102 mark, following the release of US inflation data. The index hit a low of 101.78, and immediately rebounded from that mark, approaching 103.
Last week, 13 Wall Street analysts participated in Kitco News' gold survey. In which 31% of analysts believe that the price of gold will increase in the near future, but also 31% of analysts believe that the price of gold will decrease. The remaining 38% of analysts think that gold prices will move.
Last week, gold saw its second consecutive week of bold errors as it fell about 1% for the week after the US consumer price index (CPI) and producer price index (PPI) reports showed apply play still. The precious metal has been kept in neutral range by opposing opinion around whether material losses have peaked or more yield gains remain.
XEUUSD SELL 1915 1913💯💯
✅TP1: 1904
✅TP2: 1902
SL 1918
The dollar continued to increase for the fourth week in a row and closed the week session higher. Initially, the DXY Index dipped below the 102 mark, following the release of US inflation data. The index hit a low of 101.78, and immediately rebounded from that mark, approaching 103.
Last week, 13 Wall Street analysts participated in Kitco News' gold survey. In which 31% of analysts believe that the price of gold will increase in the near future, but also 31% of analysts believe that the price of gold will decrease. The remaining 38% of analysts think that gold prices will move.
Last week, gold saw its second consecutive week of bold errors as it fell about 1% for the week after the US consumer price index (CPI) and producer price index (PPI) reports showed apply play still. The precious metal has been kept in neutral range by opposing opinion around whether material losses have peaked or more yield gains remain.
XEUUSD SELL 1915 1913💯💯
✅TP1: 1904
✅TP2: 1902
SL 1918
