Update new gold price weekly: slip out of $ 2000
Alexia greets everyone!
Currently, we are witnessing Gold continuing to decline on Monday, down 0.75% to $1,977 as US Treasury bond yields rise again, pushing XAU/USD lower after falling below the $2,000 mark last Friday. Gold has faced multiple rejections at the $2,000 level over the past two weeks, and technical resistance levels could impact XAU/USD.
Regarding GOLD market news:
Tuesday begins with some economic data from China, followed by a widely anticipated 25-basis-point increase in the benchmark interest rate by the Reserve Bank of Australia (RBA).
Before the RBA's projected interest rate hike hits the market, China's Trade Balance data will be released in the early trading session on Tuesday in Asia.
Alexia's market outlook:
Gold is expected to continue its decline with a projected drop to $1,965 today.
Currently, we are witnessing Gold continuing to decline on Monday, down 0.75% to $1,977 as US Treasury bond yields rise again, pushing XAU/USD lower after falling below the $2,000 mark last Friday. Gold has faced multiple rejections at the $2,000 level over the past two weeks, and technical resistance levels could impact XAU/USD.
Regarding GOLD market news:
Tuesday begins with some economic data from China, followed by a widely anticipated 25-basis-point increase in the benchmark interest rate by the Reserve Bank of Australia (RBA).
Before the RBA's projected interest rate hike hits the market, China's Trade Balance data will be released in the early trading session on Tuesday in Asia.
Alexia's market outlook:
Gold is expected to continue its decline with a projected drop to $1,965 today.
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