What should be kept in mind when trading gold today?
Updated
The value of precious metals declines when both US dollar interest rates and government bonds rise simultaneously, currently trading around the 1904.25/ounce level.
There are predictions in the market that Mr. Powell will provide some indications that the US Federal Reserve has concluded its most stringent tightening policy in four decades and is now preparing to cut this policy. Experts believe that only then can gold surpass its current level and break out.
Currently, gold remains in a downward trend, so selling based on this trend will continue to be prioritized.
There are predictions in the market that Mr. Powell will provide some indications that the US Federal Reserve has concluded its most stringent tightening policy in four decades and is now preparing to cut this policy. Experts believe that only then can gold surpass its current level and break out.
Currently, gold remains in a downward trend, so selling based on this trend will continue to be prioritized.
Note
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