Gold price today 14/8: World gold price tends to increase
Updated
The spot price of gold on the global market concluded today with an increase of 1.3 USD, reaching 1,913.1 USD per ounce.
On the Comex New York exchange, gold futures for December delivery experienced a minor decrease of 2.3 USD or 0.12%, settling at 1,946.6 USD per ounce.
Gold has encountered significant declines for two consecutive weeks now, resulting in a decline of 1.5% in gold futures for December delivery since Friday, August 4th.
In terms of potential risks next week that could impact the precious metal market significantly, attention should be given to US July retail sales on Tuesday morning and the release of the latest FOMC meeting minutes on Wednesday afternoon. These events have the potential to provide valuable insights into consumer sentiment as well as shed light on how the Federal Reserve perceives and evaluates economic conditions.
While there remains long-term interest in gold as an investment option, it is expected that challenging circumstances will persist moving forward. Gold prices are likely to struggle until there is a notable event impacting market risk levels which could potentially drive up demand for this precious metal."
On the Comex New York exchange, gold futures for December delivery experienced a minor decrease of 2.3 USD or 0.12%, settling at 1,946.6 USD per ounce.
Gold has encountered significant declines for two consecutive weeks now, resulting in a decline of 1.5% in gold futures for December delivery since Friday, August 4th.
In terms of potential risks next week that could impact the precious metal market significantly, attention should be given to US July retail sales on Tuesday morning and the release of the latest FOMC meeting minutes on Wednesday afternoon. These events have the potential to provide valuable insights into consumer sentiment as well as shed light on how the Federal Reserve perceives and evaluates economic conditions.
While there remains long-term interest in gold as an investment option, it is expected that challenging circumstances will persist moving forward. Gold prices are likely to struggle until there is a notable event impacting market risk levels which could potentially drive up demand for this precious metal."
Note
In the foreign exchange market, the US Dollar Index (DXY) opened this morning at 102.62 points.Note
Precious metal prices are considered difficult to rebound strongly in the context of the USD recovering and not having many supporting factors.Notably, the market is experiencing mixed fluctuations between the world and domestic gold prices despite the continuous decline of the world gold price.
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