Gold retreated from the peak
Güncellendi
Gold prices have dropped more than 1.5% from the peak of 2,483 USD/ounce. US unemployment claims exceeded forecasts, showing the economy is slowing and strengthening the case for interest rate cuts. DXY index increased 0.43% to 104.18; 10-year US government bond yield increased 2.5 bps to 4,187%.
In the context of extremely increased expectations of interest rate cuts in September, gold prices reached a new all-time high of 2,483 USD, but demand could not maintain the upward momentum as a part of investors moved forward. take profit. This, along with former US President Donald Trump's announcement of imposing at least 60% tariffs on Chinese goods, has boosted the flow of money back to the USD.
In the context of extremely increased expectations of interest rate cuts in September, gold prices reached a new all-time high of 2,483 USD, but demand could not maintain the upward momentum as a part of investors moved forward. take profit. This, along with former US President Donald Trump's announcement of imposing at least 60% tariffs on Chinese goods, has boosted the flow of money back to the USD.
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BUY XAU 2425 TP1: 2430
TP2: 2440
SL: 2417
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