Careful analysis of gold today (October 4)
Updated
Hi everybody!
The price of gold today has dropped to its lowest level in 7 months as the US dollar and bond yields rise, fueled by strong US economic data that creates expectations of tighter monetary policy.
Currently, Gold is trading at $1822, the lowest since March, with no immediate signs of a rebound as DXY continues to strengthen in recent times.
The price of gold today has dropped to its lowest level in 7 months as the US dollar and bond yields rise, fueled by strong US economic data that creates expectations of tighter monetary policy.
Currently, Gold is trading at $1822, the lowest since March, with no immediate signs of a rebound as DXY continues to strengthen in recent times.
Comment
I'm raising the price here because in November and mid-October the market will have fluctuations thanks to China continuing to increase its demand for gold.Comment
good luck
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