XAUUSD - GOLD trading strategy on September 25
Today's world gold price listed on Kitco is at 1,924 USD/ounce, with no change compared to early yesterday morning.
Last week, world gold continued to trade in the neutral zone when the US Federal Reserve (Fed) kept interest rates unchanged at the September monetary policy meeting and signaled the possibility of at least a temporary another increase in 2023 and interest rates will have to remain higher for longer.
Kitco News' latest gold survey shows that market analysts and retail investors expect gold prices to increase this week.
Specifically, among Wall Street analysts surveyed, 46% predicted gold prices would rise higher, 15% predicted prices would decrease, and 38% had a neutral view on gold. Meanwhile, 49% of retail investors believe that gold will increase, 35% predict the price will decrease, and 15% maintain a neutral view in the near future.
The latest survey found that retail investors expect gold prices to trade around $1,936/ounce this week, $12 higher than previous expectations.
Last week, world gold continued to trade in the neutral zone when the US Federal Reserve (Fed) kept interest rates unchanged at the September monetary policy meeting and signaled the possibility of at least a temporary another increase in 2023 and interest rates will have to remain higher for longer.
Kitco News' latest gold survey shows that market analysts and retail investors expect gold prices to increase this week.
Specifically, among Wall Street analysts surveyed, 46% predicted gold prices would rise higher, 15% predicted prices would decrease, and 38% had a neutral view on gold. Meanwhile, 49% of retail investors believe that gold will increase, 35% predict the price will decrease, and 15% maintain a neutral view in the near future.
The latest survey found that retail investors expect gold prices to trade around $1,936/ounce this week, $12 higher than previous expectations.
TP1: 1926
TP2: 1932
SL: 1910