XAU the world turns upside down
Updated
After a sharp decline, gold prices today increased again, fluctuating around 2,369 USD/oz when the Fed Chairman did not comment on reducing interest rates and global investment funds increased their gold holdings.
Fed Chairman Jerome Powell told a Senate committee that the economy remains strong. However, he did not make any comments on interest rate cuts, increasing expectations that the Fed will reduce interest rates in September. Accordingly, the USD's upward momentum slowed down, creating favorable conditions for gold prices. Today. .
After a sharp decline, gold prices today increased again, fluctuating around 2,369 USD/oz when the Fed Chairman did not comment on interest rate reduction, global investors increased the amount of gold holdings.
Fed Chairman Jerome Powell told a Senate committee that the economy remains strong. However, he did not make any comments discussing interest cuts, increasing expectations that the Fed will reduce interest rates in September. Accordingly, the USD's upward momentum slowed down, benefiting gold prices today. .
Fed Chairman Jerome Powell told a Senate committee that the economy remains strong. However, he did not make any comments on interest rate cuts, increasing expectations that the Fed will reduce interest rates in September. Accordingly, the USD's upward momentum slowed down, creating favorable conditions for gold prices. Today. .
After a sharp decline, gold prices today increased again, fluctuating around 2,369 USD/oz when the Fed Chairman did not comment on interest rate reduction, global investors increased the amount of gold holdings.
Fed Chairman Jerome Powell told a Senate committee that the economy remains strong. However, he did not make any comments discussing interest cuts, increasing expectations that the Fed will reduce interest rates in September. Accordingly, the USD's upward momentum slowed down, benefiting gold prices today. .
Note
SELL XAU 2373 - 2375 TP1: 2368
TP2: 2360
SL: 2382
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