Gold prices stabilize after important news
Today, gold prices continued to fluctuate below the resistance level of $2032, finding support at $2020. The decline in global gold prices comes amid a strong rally in U.S. stocks, leading to a shift in some investments from gold to equities. This transition puts downward pressure on gold prices.
Moreover, the U.S. reported fewer weekly unemployment claims than expected, and manufacturing indices are on the rise, indicating an improving economy. This strengthens the Federal Reserve's (FED) position to maintain higher interest rates for an extended period. Consequently, the USD appreciated against six major currencies, further contributing to the decline in gold prices today.
Moreover, the U.S. reported fewer weekly unemployment claims than expected, and manufacturing indices are on the rise, indicating an improving economy. This strengthens the Federal Reserve's (FED) position to maintain higher interest rates for an extended period. Consequently, the USD appreciated against six major currencies, further contributing to the decline in gold prices today.
İşlem kapandı: hedefe ulaştı
Join the community group for the earliest support on short scalping and trading strategies!
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/+TkyS7Rg4jN9iZjk1
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/+TkyS7Rg4jN9iZjk1
Benzer Fikirler
