XAU increased rapidly
Updated
World gold prices hit a record on April 9, thanks to buying activities and geopolitical risks, while attention was directed to the meeting minutes of the US Federal Reserve (Fed) and inflation data of this country.
Minutes of the Fed meeting and data on the consumer price index will be published on April 10.
Gold is considered a safe haven from inflation and geopolitical risks, but rising interest rates tend to reduce the appeal of this non-yielding asset.
According to the World Gold Council, the factors leading to the current recovery in gold prices are increased geopolitical risks, stable gold purchases by central banks and demand for gold jewelry and bullion. Just like gold coins are still big.
Minutes of the Fed meeting and data on the consumer price index will be published on April 10.
Gold is considered a safe haven from inflation and geopolitical risks, but rising interest rates tend to reduce the appeal of this non-yielding asset.
According to the World Gold Council, the factors leading to the current recovery in gold prices are increased geopolitical risks, stable gold purchases by central banks and demand for gold jewelry and bullion. Just like gold coins are still big.
Note
BUY XAU 2350 - 2353TP1: 2360
TP2: 2370
SL: 2340
Note
hit tp 1 + 100 pips
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