Gold trading strategy - the growth of gold
Gold spot price on the international market plummeted from 1,915 USD to 1,900 USD/ounce at 6:00 a.m. on September 27. This is the lowest price on the gold market in September 2023.
The USD soared in value as investors were frightened by the commitment of major central banks to maintain high interest rates and control inflation.
In particular, policymakers of the US Federal Reserve (FED) increasingly strongly support raising interest rates by the end of 2023 to bring inflation in the US back to the target of 2%. Futures are expected to stay high, causing international stock markets to sell off. On Wall Street (USA), the Dowjones dropped sharply by 388 points, the S&P 500 dropped 63 points, and the Nasdaq dropped 207 points.
The USD soared in value as investors were frightened by the commitment of major central banks to maintain high interest rates and control inflation.
In particular, policymakers of the US Federal Reserve (FED) increasingly strongly support raising interest rates by the end of 2023 to bring inflation in the US back to the target of 2%. Futures are expected to stay high, causing international stock markets to sell off. On Wall Street (USA), the Dowjones dropped sharply by 388 points, the S&P 500 dropped 63 points, and the Nasdaq dropped 207 points.
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