Dear valued comrades, Gold prices today are trading calmly with slight fluctuations. However, this precious metal has escaped from the downward trend that caused prices to decline recently. At the time of writing this article, the gold market is trading at $1975. A downward trend has formed, so gold may experience a slight decline before continuing its upward trajectory.
Therefore, we eagerly anticipate the release of the US GDP report for the third quarter on Thursday (October 26th), the Personal Consumption Expenditures (PCE) index published on Friday (October 27th), and other economic reports. These factors have contributed to an increasingly heated market. It is expected that the price will reach $2000. What are your thoughts on this matter? Do you agree with me?
Therefore, we eagerly anticipate the release of the US GDP report for the third quarter on Thursday (October 26th), the Personal Consumption Expenditures (PCE) index published on Friday (October 27th), and other economic reports. These factors have contributed to an increasingly heated market. It is expected that the price will reach $2000. What are your thoughts on this matter? Do you agree with me?
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Note
Note
The market is looking forward to the US third quarter GDP report released on Thursday (October 26) and the personal expenditure price index (PCE) released on Friday (October 27). These data could affect the Federal Reserve's interest rate outlook. If the economy weakens and the market enters a recession, interest rates will likely decrease and gold prices will also decrease.Note
The gold market has touched Target 2Trade closed: target reached
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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.