Gold price is about to reach 1950 USD?
Updated
Dear friends,
Today, gold continues its downward trend. Since dropping below the $1990 mark, gold has been consistently declining and is currently trading at $1964 with signs of potentially reaching the $1950 price range.
Speaking at various events, members of the FOMC agreed that inflation has decreased but additional measures may be necessary to bring it back to 2%. Despite the looming risk of economic growth, the financial market has become cautious, putting pressure on gold and causing its price to decrease.
What is your thoughts? Do you agree with my point of view
Today, gold continues its downward trend. Since dropping below the $1990 mark, gold has been consistently declining and is currently trading at $1964 with signs of potentially reaching the $1950 price range.
Speaking at various events, members of the FOMC agreed that inflation has decreased but additional measures may be necessary to bring it back to 2%. Despite the looming risk of economic growth, the financial market has become cautious, putting pressure on gold and causing its price to decrease.
What is your thoughts? Do you agree with my point of view
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