Gold maintained a mild intraday downward trend, with the price currently hovering around $3,381 per ounce. As tensions in the Middle East persist, gold is awaiting the Federal Reserve's resolution to gain a clear direction.
With risk sentiment stabilizing, gold prices fell in early Wednesday trading, moving away from the $3,400 per ounce threshold. Amid lingering geopolitical tensions between Israel and Iran, all eyes are focused on the Federal Reserve's policy announcement, which is expected to trigger sharp volatility in gold prices. Investors need to closely monitor the Fed's policy guidance, the trend of the U.S. dollar, and the latest developments in the Middle East situation.
In the long term, the low-interest-rate environment and global economic uncertainties will continue to enhance gold's attractiveness, but short-term volatility may intensify. It is recommended that investors exercise caution when trading. In addition, the initial value of the U.S. May annualized building permits and the U.S. May annualized new housing starts will be released on this trading day, which investors should also pay attention to.
you are currently struggling with losses，or are unsure which of the numerous trading strategies to follow,You have the option to join our VIP program. I will assist you and provide you with accurate trading signals, enabling you to navigate the financial markets with greater confidence and potentially achieve optimal trading results.
With risk sentiment stabilizing, gold prices fell in early Wednesday trading, moving away from the $3,400 per ounce threshold. Amid lingering geopolitical tensions between Israel and Iran, all eyes are focused on the Federal Reserve's policy announcement, which is expected to trigger sharp volatility in gold prices. Investors need to closely monitor the Fed's policy guidance, the trend of the U.S. dollar, and the latest developments in the Middle East situation.
In the long term, the low-interest-rate environment and global economic uncertainties will continue to enhance gold's attractiveness, but short-term volatility may intensify. It is recommended that investors exercise caution when trading. In addition, the initial value of the U.S. May annualized building permits and the U.S. May annualized new housing starts will be released on this trading day, which investors should also pay attention to.
you are currently struggling with losses，or are unsure which of the numerous trading strategies to follow,You have the option to join our VIP program. I will assist you and provide you with accurate trading signals, enabling you to navigate the financial markets with greater confidence and potentially achieve optimal trading results.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.