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Goldpreis

The return of GOLDGold price (XAU/USD) witnessed an intraday turnaround from the $1,885 region, or over a two-week high and settled near the lower end of its daily range on Thursday. Consumer prices in the United States (US) rose more than expected in September and lifted expectations that the Federal Reserve (Fed) will keep interest rates higher for longer. This led to the sharp overnight rise in the US Treasury bond yields and triggered a massive US Dollar (USD) short-covering rally, which, in turn, was seen as a key factor exerting pressure on the precious metal.
OANDA:XAUUSDShort
by Currency-Controller
5
Gold 08/02 Before ADP Non-Farm dollar continued to drop slightlyCopper falls below $4 amid slowing global production. The outlook for the yellow metal remains hazy, especially with US interest rates set to remain higher in longer time this year. While gold is expected to benefit from the Fed's final rate cut next year, it is expected to receive limited support in the near-term. BUY GOLD zone 1932 - 1929 Stop Loss : 1923 Take Profit 1: 1935 Take Profit 2: 1940 Take Profit 3: 1950 Note: Installing TP SL fully wins the market and is safe in trading
TVC:GOLDShort
by DNA_TradingFX
Do you think gold will rise today?The price of gold rebounded after hitting a low point not seen in over two months. This was due to the recent data showing that the US services sector had experienced minimal growth in May, which halted several months of strong market growth. The weakened dollar was also beneficial to metal markets, with gold being a safe-haven asset. However, it is expected that US interest rates will remain high this year, limiting the potential for significant gains in metal prices. Despite this, it is possible that the value of gold will increase later in the year as the US economy weakens. In general, in the short term, Gold can still maintain its upward momentum, if the 1950-1940 price zone can still hold the bears. Then it's not a difficult thing to crawl back to 1975 or even 1985
TVC:GOLDLong
by DNA_TradingFX
3