Gold around the high threshold of 2000 USD, strong buying force
Updated
Dear friends, gold has been fluctuating around $1995 at the start of the trading session, although it slipped below $2000. However, the price of the precious metal is still holding well at a high level.
Currently, the market seems confident that the Fed will maintain interest rates. However, many opinions suggest that the important information will be the message from Fed Chairman Jerome Powell during the subsequent press conference, and it is likely that the head of the world's most powerful central bank will still maintain a hawkish tone in the context of lingering inflation.
Regarding the upcoming gold forecast:
The market is anticipating the monetary policy meeting of the Fed this week. Investors are also paying attention to the monetary policy decisions of the Bank of England and the Bank of Japan.
This week will also be significant for the US labor market with the release of the Non-Farm Payrolls report for October expected on Friday.
Currently, the market seems confident that the Fed will maintain interest rates. However, many opinions suggest that the important information will be the message from Fed Chairman Jerome Powell during the subsequent press conference, and it is likely that the head of the world's most powerful central bank will still maintain a hawkish tone in the context of lingering inflation.
Regarding the upcoming gold forecast:
The market is anticipating the monetary policy meeting of the Fed this week. Investors are also paying attention to the monetary policy decisions of the Bank of England and the Bank of Japan.
This week will also be significant for the US labor market with the release of the Non-Farm Payrolls report for October expected on Friday.
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