Gold Spot / U.S. DollarUpdated Will gold return next week?
The price of gold has decreased to its lowest level in over a month due to a stronger US dollar and higher bond yields, which have diminished the shine of gold.
I continue to observe a significant decline in gold purchases over an extended period and a noticeable increase in short-term trading. Speculators are pulling out of gold, with expectations about interest rates being a major factor here.
The price of gold has dropped to its lowest level in one and a half months due to increasing bond yields after data showed higher-than-expected retail sales in July, raising concerns that the Federal Reserve may keep interest rates higher for longer.
I continue to observe a significant decline in gold purchases over an extended period and a noticeable increase in short-term trading. Speculators are pulling out of gold, with expectations about interest rates being a major factor here.
The price of gold has dropped to its lowest level in one and a half months due to increasing bond yields after data showed higher-than-expected retail sales in July, raising concerns that the Federal Reserve may keep interest rates higher for longer.
Note
good luck everyone
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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.