GOLD goes up, USD weakens
Today's world gold price listed on Kitco is at 2,067 USD/ounce, up 14 USD/ounce compared to early yesterday morning. Gold prices rose slightly thanks to the weakening of the USD and falling Treasury yields as expectations grew that the US Federal Reserve (Fed) would reduce interest rates next year. A weaker dollar makes gold priced in that currency more attractive to holders of other currencies.
However, it is forecast that there will not be any major fluctuations in the precious metals market this week. The main factor supporting gold is still the expectation that central banks will be more dovish in monetary policy and interest rates will decrease in the next few years. Underscoring ongoing geopolitical tensions, it is likely that gold will remain above $2,000/ounce in 2024.
However, it is forecast that there will not be any major fluctuations in the precious metals market this week. The main factor supporting gold is still the expectation that central banks will be more dovish in monetary policy and interest rates will decrease in the next few years. Underscoring ongoing geopolitical tensions, it is likely that gold will remain above $2,000/ounce in 2024.
🔰| Forex trading
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+8q3AxDD9CsRjYzI1
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+8q3AxDD9CsRjYzI1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.