Gold sees record average prices in Q2

Persistent economic uncertainty created robust physical demand for gold supporting prices at record levels during the second quarter, according to the latest research from the World Gold Council.

In its second quarter Gold Demand Trends, the WGC noted that gold prices saw a record average price of $1,976 an ounce, up 6% from the second quarter of 2022 and up 4% from the previous record high reported in the third quarter of 2020.

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BlackRock and MSCI are under investigation by a congressional committee for enabling American investment in Chinese companies that support China's military and violate human rights.

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🕯 BUY GOLD | 1936 - 1939

🔴 SL: 1931

🟢 TP1: 1945
🟢 TP2: 1955

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The USD's strong recovery has negatively impacted the price of gold in a market lacking catalysts. This morning, the US Dollar Index reached its highest level in 3 weeks at 102 points.

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🕯 BUY GOLD | 1929 - 1932

🔴 SL: 1924

🟢 TP1: 1945
🟢 TP2: 1955

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Rising risk aversion sentiment in the marketplace is not providing much support for gold as investors continue to react to Fitch Rating's announcement, downgrading the U.S. government's long-term debt to 'AA+' from 'AAA.