XAUUSD - Next, world gold prices increased sharply
The radiant world gold price now increased slightly with spot gold delivery increasing by 8.1 USD/ounce to 1,933.4 USD/ounce. Gold futures last traded at $1,955.20 an ounce, up $1.80 from the bright spot.
The precious metals market was quiet in the first trading session of the week while waiting for the meeting of the Federal Open Market Committee (FOMC), the policy-setting body of the Federal Reserve (Fed), to end on Wednesday afternoon. .
Looking ahead, analysts at Capital Economics recently forecast that gold is likely to fall to $1,800/ounce by the end of this year as the US economy continues to grow and adopt the ability to expand. reduce robots.
In a recent report, analysts said: “Since rising around $2,000/ounce on safe haven demand (due to concerns about stabilizing banks in the US and Europe) in March and in May this year, gold prices fell.” “According to the World Gold Council, global gold demand decreased by about 5% year-on-year in the first half of this year, mainly due to weaker investor demand while gold supply increased slightly.”
The precious metals market was quiet in the first trading session of the week while waiting for the meeting of the Federal Open Market Committee (FOMC), the policy-setting body of the Federal Reserve (Fed), to end on Wednesday afternoon. .
Looking ahead, analysts at Capital Economics recently forecast that gold is likely to fall to $1,800/ounce by the end of this year as the US economy continues to grow and adopt the ability to expand. reduce robots.
In a recent report, analysts said: “Since rising around $2,000/ounce on safe haven demand (due to concerns about stabilizing banks in the US and Europe) in March and in May this year, gold prices fell.” “According to the World Gold Council, global gold demand decreased by about 5% year-on-year in the first half of this year, mainly due to weaker investor demand while gold supply increased slightly.”
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