Hello everyone.
The price of gold on the international market has decreased by an additional 15 USD today, dropping from 1,875 USD/ounce to 1,865 USD/ounce due to the high value of this currency, with the USD Index remaining steady at 106.6 points.
On the other hand, financial investors are focusing their capital on bonds and stocks, resulting in a minimal flow of money into precious metals. As a result, the world's gold price is forced to decline.
In my personal opinion, gold will experience a slight adjustment today and then consider it as a resistance level that continues to push down the price of gold into a deep dip.
The price of gold on the international market has decreased by an additional 15 USD today, dropping from 1,875 USD/ounce to 1,865 USD/ounce due to the high value of this currency, with the USD Index remaining steady at 106.6 points.
On the other hand, financial investors are focusing their capital on bonds and stocks, resulting in a minimal flow of money into precious metals. As a result, the world's gold price is forced to decline.
In my personal opinion, gold will experience a slight adjustment today and then consider it as a resistance level that continues to push down the price of gold into a deep dip.
Note
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Note
High inflation forced the US Federal Reserve (Fed) to maintain a tough monetary policy longer than expected. This will continue to support rising bond yields and a stronger USD.Note
Note
Note
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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.