How will gold prices change this week?
Updated
Hello everyone, it's Karina here, delighted to share with you today's updates on gold prices.
At the start of today's trading session, gold experienced a slight increase, currently hovering around 2030 USD. The 1-hour chart shows an upward trend for gold, with support formed near 2025 USD.
Looking into this week's outlook, all eyes are on the USD fluctuations amidst major central banks' monetary policy decisions. The European Central Bank (ECB), in particular, will be under scrutiny. Their recent hawkish stance at the World Economic Forum in Davos could significantly influence the USD and potentially support gold prices.
What do you think, how will gold move this week?
At the start of today's trading session, gold experienced a slight increase, currently hovering around 2030 USD. The 1-hour chart shows an upward trend for gold, with support formed near 2025 USD.
Looking into this week's outlook, all eyes are on the USD fluctuations amidst major central banks' monetary policy decisions. The European Central Bank (ECB), in particular, will be under scrutiny. Their recent hawkish stance at the World Economic Forum in Davos could significantly influence the USD and potentially support gold prices.
What do you think, how will gold move this week?
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