XAU price prediction for the first week of September 4, 2023
More than two-thirds of retail investors expect precious metal prices to rise, according to Kitco News' latest weekly gold survey. And after weeks of caution and controversy, economic analysts are also optimistic about gold.
Specifically, 64% of Wall Street analysts surveyed expect gold prices to rise this week. Sixty-seven percent of retail investors who took part in the Main Street online poll agreed.
According to the latest survey, retail investors expect gold prices to hover around $1,962 an ounce this week. Adrian Day – The chairman of Adrian Day Asset Management said the price of gold will rise in the near future. He assessed that recent data appeared to favor gold. More than two-thirds of his investors expect the precious metal commodity to rise, according to Kitco News' latest weekly gold survey. And after weeks of caution and controversy, economic analysts are also optimistic about gold.
Specifically, 64% of Wall Street analysts who took part in the survey expect gold prices to rise this week. A similar view was shared by 67% of retail investors who took part in a Main Street online poll.
According to the latest survey, retail investors expect gold prices to hover around $1,962 an ounce this week.
Adrian Day – The chairman of Adrian Day Asset Management said the price of gold will rise in the near future. He said recent data seemed to support gold. That's because the latest economic report points to a slowdown in the global economy. Markets are pricing in the end of the U.S. rate hike cycle.
According to the current US dollar exchange rate (24,240 VND/USD), the world gold price is 56,948 million VND/tail, he is 11,302 million VND/tail lower than the domestic market.
Therefore, today, September 4, 2023 (as of 7:00 am), the price of gold on the world market is around US$1,941 per ounce.
Specifically, 64% of Wall Street analysts surveyed expect gold prices to rise this week. Sixty-seven percent of retail investors who took part in the Main Street online poll agreed.
According to the latest survey, retail investors expect gold prices to hover around $1,962 an ounce this week. Adrian Day – The chairman of Adrian Day Asset Management said the price of gold will rise in the near future. He assessed that recent data appeared to favor gold. More than two-thirds of his investors expect the precious metal commodity to rise, according to Kitco News' latest weekly gold survey. And after weeks of caution and controversy, economic analysts are also optimistic about gold.
Specifically, 64% of Wall Street analysts who took part in the survey expect gold prices to rise this week. A similar view was shared by 67% of retail investors who took part in a Main Street online poll.
According to the latest survey, retail investors expect gold prices to hover around $1,962 an ounce this week.
Adrian Day – The chairman of Adrian Day Asset Management said the price of gold will rise in the near future. He said recent data seemed to support gold. That's because the latest economic report points to a slowdown in the global economy. Markets are pricing in the end of the U.S. rate hike cycle.
According to the current US dollar exchange rate (24,240 VND/USD), the world gold price is 56,948 million VND/tail, he is 11,302 million VND/tail lower than the domestic market.
Therefore, today, September 4, 2023 (as of 7:00 am), the price of gold on the world market is around US$1,941 per ounce.
Comment:
Running 30 pips
TP1: 1950
TP2: 1954
SL: 1932