"Today's golden strategy and future forecasts"
Updated
As of the current moment, the price of gold is trading at $1941 per ounce. Gold has experienced a slight increase of $3 compared to this morning's trading session and is exhibiting a sideways trend.
Given the backdrop of a strong US dollar and high bond yields, gold continues to demonstrate its resilience by maintaining its price above the $1940 level.
Optimistic forecasts suggest that gold is likely to rise in value this week, as evidenced by a survey where 64% of experts expect an upward trend for gold in the near future.
Given the backdrop of a strong US dollar and high bond yields, gold continues to demonstrate its resilience by maintaining its price above the $1940 level.
Optimistic forecasts suggest that gold is likely to rise in value this week, as evidenced by a survey where 64% of experts expect an upward trend for gold in the near future.
Note
Technically, gold prices are still below the important resistance level of 1,950 USD/ounce and investors are still waiting for information about the upcoming monetary policy of the US Federal Reserve (Fed).Note
The Fed says it will need to consider a slowdown in the labor market as a condition for ending the current tightening cycle.Note
Currently, the price of gold has experienced a slight decrease compared to the previous trading session after reaching a peak of $1,952.79 per ounce, which was the highest level this month, and then dropping down to $1,936 per ounce.
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