Gold - price is recovering
Gold price is making an effort to surpass the consolidation it has been in for the past week, which ranged between $1885 and $1900. After reaching a new low of $1,885.00, precious metals are now recovering.
This week, gold prices (XAU/USD) experienced a rally due to the pause in the increase of US Treasury yields. This was fueled by increasing expectations for a rate cut from the Federal Reserve.
This week, gold prices (XAU/USD) experienced a rally due to the pause in the increase of US Treasury yields. This was fueled by increasing expectations for a rate cut from the Federal Reserve.
Note
Gold is still following the plan
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Related publications
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.