The current global gold price stands at $1,961, a strong increase of $26 compared to yesterday morning. After a sharp decline yesterday, gold has regained its position by rising significantly since last night. This has made experts more optimistic about gold, with forecasts that the precious metal will sustainably rise above $2,000.
Recently, experts from the World Gold Council (WGC) stated that despite short-term challenges, such as the Federal Reserve pausing its positive monetary policy, gold should still be seen as an important strategic asset.
The pause in the Fed's interest rate hike will have a positive impact on gold. Conversely, any signs that the Fed is actively tightening its monetary policy will result in a strong sell-off of gold.