GOLD - Promise the new low number 1800 USD
Updated
In the global gold market, the price of gold ended the week with a decrease of 15.9 USD to 1,848.4 USD/ounce.
There are three factors that contributed to the decline in gold prices. Firstly, the recovery of the US dollar weakened demand for gold. Secondly, higher US bond yields made them a more attractive investment compared to gold. Lastly, the Federal Reserve's commitment to maintaining its current monetary policy in the near future has caused a drop in gold prices to its lowest level in a month.
There are three factors that contributed to the decline in gold prices. Firstly, the recovery of the US dollar weakened demand for gold. Secondly, higher US bond yields made them a more attractive investment compared to gold. Lastly, the Federal Reserve's commitment to maintaining its current monetary policy in the near future has caused a drop in gold prices to its lowest level in a month.
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Gold weakened in the context of increasing the demand for the grip of the green copper, creating momentum for the USD Index sometimes increasing from 106.17 points to 106.9 points, helping the USD increase the price compared to 6 other strong currencies - Including: Euro, JPY, GBP, CAD, SEK and CHF.
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