How is gold trading today?
Updated
Gold prices today are trading around $1915 per ounce.
Gold continues to face pressure from the strengthening US dollar and rising yields on US Treasury bonds, making it less attractive to investors.
As a result, the increase in the value of the US dollar and 10-year Treasury bond yields reduces the appeal of gold. This is especially evident as Federal Reserve Chairman Jerome Powell has expressed his intention to maintain higher interest rates for an extended period, further adding pressure on gold prices.
According to interviews with experts this week, 42% believe that gold prices will increase in the near future, while 42% predict a decrease in gold prices. Only 16% think that gold prices will remain stable.
Gold continues to face pressure from the strengthening US dollar and rising yields on US Treasury bonds, making it less attractive to investors.
As a result, the increase in the value of the US dollar and 10-year Treasury bond yields reduces the appeal of gold. This is especially evident as Federal Reserve Chairman Jerome Powell has expressed his intention to maintain higher interest rates for an extended period, further adding pressure on gold prices.
According to interviews with experts this week, 42% believe that gold prices will increase in the near future, while 42% predict a decrease in gold prices. Only 16% think that gold prices will remain stable.
Note
What do you think about the price of gold today?Note
In an online poll, 69% expect gold to rise next week, 20% expect gold to fall, and more than 10% expect it to move sideways.Note
The revised second-quarter GDP report, along with consumer and producer price indexes, will also help investors confirm the Fed's interest rate trajectory as it tries to balance inflation and growth risks. .
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