Gold Prices Hold Near Two-Week Highs Amidst Anticipation

Aug 25, 2023

Gold prices remained stable close to their two-week peak on Friday and were on track for their strongest week in the past six weeks. This stability came as U.S. Treasury yields retreated from their recent highs in anticipation of upcoming speeches by prominent central bankers, including Federal Reserve Chair Jerome Powell. These speeches are expected to provide insights into the direction of future interest rates.

XAUUSD BUY LIMIT 1914-1916🕯

✅ TP1: 1920
✅ TP2: 1930

⚠️ SL: 1909

Aug 25, 2023

Note

Spot gold (GOLD) slipped 0.1% to $1,915.89 per ounce as of 0120 GMT, remaining below the peak it reached on Thursday, its highest since August 10. It has recorded a 1.4% increase for the week up to this point.

Aug 25, 2023

Note

Gold futures in the United States (GOLD) declined by 0.2%, reaching $1,943.90.