Gold may continue to increase in the near future (08/30/2023)
World gold price on Kitco opened the trading session at 1936.6 - 1937.6 USD/ounce. During the weekend session, gold prices fluctuated between 1914 - 1939.2 USD/ounce.
Gold prices hit three-week high. A much weaker-than-expected U.S. job turnover report (JOLTS) and a much weaker-than-expected consumer confidence index boosted buying demand with precious metal.
The US dollar index sold off and US Treasury yields fell following the data. This is the start of a big week for US economic reports. December gold was recently up $17.30 at $1,963.90 an ounce.
The US dollar index is lower. Nymex crude oil futures are a bit more stable and trading around 80.50/barrel. The benchmark 10-year U.S. Treasury note is currently yielding 4.131%.
Gold prices hit three-week high. A much weaker-than-expected U.S. job turnover report (JOLTS) and a much weaker-than-expected consumer confidence index boosted buying demand with precious metal.
The US dollar index sold off and US Treasury yields fell following the data. This is the start of a big week for US economic reports. December gold was recently up $17.30 at $1,963.90 an ounce.
The US dollar index is lower. Nymex crude oil futures are a bit more stable and trading around 80.50/barrel. The benchmark 10-year U.S. Treasury note is currently yielding 4.131%.
Note
Buy 1936 - 1938TP1 : 1945
TP2: 1947
SL : 1925
Note
close all80 pips
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.