Will Gold price increase in the future?
Hello dear friends! Darius is very happy to see you again in today's chat.
Today, the gold market has broken the upward trend from $1900 per ounce and continues to trade at a low price in a challenging environment.
From a technical perspective, gold may retest the level of 1888 before new developments push it forward.
Today, the gold market has broken the upward trend from $1900 per ounce and continues to trade at a low price in a challenging environment.
From a technical perspective, gold may retest the level of 1888 before new developments push it forward.
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Dear friends, I am very sorry that this morning gold broke out of the target zone
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as the hawkish stance of the US Federal Reserve (Fed) continues to boost the rise in bond yields and the USD and crush the bullish trend of the metals market.
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The DXY index (measuring the fluctuation of the USD compared to 6 major currencies) continued to increase and reached 106.4 points. DXY index reached its highest level in 6.5 months. Meanwhile, US bond yields reached a 16-year high.
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