Hello dear friends, What do you think about the price of gold today?
Currently, gold has lost its luster as it continues to trade in a downward trend. The price of this precious metal has dropped to a low of 1875 USD/ounce, falling far below our expectations of it stabilizing at 1900 USD.
Looking at the chart, gold seems undecided about its next move as it remains stagnant today. However, any meaningful recovery for the price of gold is difficult to predict in the context of increasing speculation about the Federal Reserve's tightening policies. This will act as a favorable catalyst for the US dollar and bond yields, directly pushing gold into deeper decline.
Currently, gold has lost its luster as it continues to trade in a downward trend. The price of this precious metal has dropped to a low of 1875 USD/ounce, falling far below our expectations of it stabilizing at 1900 USD.
Looking at the chart, gold seems undecided about its next move as it remains stagnant today. However, any meaningful recovery for the price of gold is difficult to predict in the context of increasing speculation about the Federal Reserve's tightening policies. This will act as a favorable catalyst for the US dollar and bond yields, directly pushing gold into deeper decline.
Note
good luck eveyone <3Note
Gold continues to declineNote
Note
To be able to return to the increase, gold needs a huge support force from the positive market news
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Related publications
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.