Gold is in a downtrend - 03/08/2023
The demand for gold is showing signs of decreasing. According to the World Gold Council, global demand for gold fell 2% in the second quarter to 921 tonnes due to high deposit rates and a stronger US economy.
Amid the lack of market-boosting information, the dollar's rally put pressure on gold.
Amid the lack of market-boosting information, the dollar's rally put pressure on gold.
Note
Dollar pressure on precious metals
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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.