Gold prices were little changed this morning, the USD weakened and investors increasingly believe that the US Federal Reserve (Fed) may cut interest rates in September.
"The main driver of the rise in gold prices has been financial investment demand, especially as ETF buying has improved and overall sentiment has improved on expectations of a Fed easing cycle starting in September."
holdings of the world's largest gold-backed exchange-traded fund, rose to a seven-month high of 859 tonnes on August 19.
"The main driver of the rise in gold prices has been financial investment demand, especially as ETF buying has improved and overall sentiment has improved on expectations of a Fed easing cycle starting in September."
holdings of the world's largest gold-backed exchange-traded fund, rose to a seven-month high of 859 tonnes on August 19.
Note
BUY XAU 2504 TP1: 2513
TP2: 2420
SL: 2495
Note
BUY XAU 2500 TP1: 2513
TP2: 2420
SL: 2492
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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.