XAUUSD: Which destination for GOLD
Updated
Re-acceleration of inflation and its win over the Fed will continue to catch the market by surprise
The US economy is being closely monitored for any indications that it will fall behind other economies, which could eventually cause the US dollar to be revalued at a lower rate. However, this event may not happen anytime soon. Currently, the price of the US dollar is showing signs of increasing further. The market is being surprised by the unexpected resilience and acceleration of inflation, which is overpowering the Federal Reserve at these rate levels.
Hello traders, how do you think GOLD will go forward?
The US economy is being closely monitored for any indications that it will fall behind other economies, which could eventually cause the US dollar to be revalued at a lower rate. However, this event may not happen anytime soon. Currently, the price of the US dollar is showing signs of increasing further. The market is being surprised by the unexpected resilience and acceleration of inflation, which is overpowering the Federal Reserve at these rate levels.
Hello traders, how do you think GOLD will go forward?
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The new move of the USD has negatively affected the gold price!
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