XAU weakens as USD rises
Gold prices continue to be influenced mainly by US interest rate expectations. And the stability in recent sessions reflects the lack of strong signals on the Fed's monetary policy.
World gold prices plummeted as the USD continued to demonstrate its strength compared to most other currencies in the world
Gold price dropped sharply mainly due to the increase in USD price. DXY index
The Fed still follows the trend of delaying interest rate cuts to wait for US macro signals, especially inflation data.
Investors are waiting for information about the personal consumption expenditure price index (PCE), expected to be announced this Friday. This is an important measure of the health of the US economy,
Gold futures prices recorded modest gains at the beginning of the week, mainly due to the weakening of the USD. The USD index dropped quite sharply, contributing significantly to the rise of gold. Investors are preparing for a busy final week of the month with several important economic reports due for release.
World gold prices plummeted as the USD continued to demonstrate its strength compared to most other currencies in the world
Gold price dropped sharply mainly due to the increase in USD price. DXY index
The Fed still follows the trend of delaying interest rate cuts to wait for US macro signals, especially inflation data.
Investors are waiting for information about the personal consumption expenditure price index (PCE), expected to be announced this Friday. This is an important measure of the health of the US economy,
Gold futures prices recorded modest gains at the beginning of the week, mainly due to the weakening of the USD. The USD index dropped quite sharply, contributing significantly to the rise of gold. Investors are preparing for a busy final week of the month with several important economic reports due for release.
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