GOLD MARKET OVERVIEW
Updated
The precious metal closed at $2,327 per ounce, sweeping liquidity as prices are expected to re-ranges around the 2360s. With the third quarter of the year approaching and ongoing instability, involving the Feds and central banks in East and Central Asia recurs as gold remains a valuable asset and a safe haven with growth potential.
Despite expectations of rising inflation and the possibility of the US Federal Reserve lowering interest rates this year, gold prices are still declining. For a confirmed sell momentum, we need to see a decisive break back to the preliminary supply zone at $2,370-$2,385.follow for more insights as the next insights will be published via the comment section ......boost idea and comment .
Despite expectations of rising inflation and the possibility of the US Federal Reserve lowering interest rates this year, gold prices are still declining. For a confirmed sell momentum, we need to see a decisive break back to the preliminary supply zone at $2,370-$2,385.follow for more insights as the next insights will be published via the comment section ......boost idea and comment .
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