Gold price increased again, short-term trend is difficult to pre

9 Eki 2023

In the first trading session of the week, the USD fell 0.13%, to 104.10 amid US employment data that boosted bets that the US Federal Reserve (Fed) may be about to end the cycle. period of interest rate increases. Meanwhile, risk sentiment improved thanks to hopes that China's stimulus policy could stabilize the economy. Accordingly, Beijing has planned further actions, including easing home buying restrictions.

In the opposite direction, the Euro is on a decline for 8 consecutive weeks and fell 0.7% last week, currently at 1.0699 USD, after falling to its lowest level in 3 months on September 7. Meanwhile, the Japanese yen has decreased by 0.3%, currently at 147.6/USD.