XAU/USD continues to recover

24 Ağu 2023

XAUUSD The Gold Price has reached a two-week high, much to the delight of bullish investors who are optimistic about the early end of hawkish monetary policies.

The negative activity data serves as a reminder of the obstacles faced by those advocating for "higher for longer" rates.

However, this only adds fuel to XAU/USD as market sentiment remains positive.

Despite some cautiousness in anticipation of key central bankers' speeches, there is an additional boost from China-linked optimism that is contributing to the rebound in Gold Price.

With recent PMI posing challenges for hawks, the upcoming Jackson Hole Symposium gains even more significance.

25 Ağu 2023

İşlem aktif

Worries of a deeper global recession could provide some support for the precious metal as a safe-haven and help limit the downside, at least for now.