XAU sets records and will likely continue to rise
Updated
Currently, investors are waiting for the employment report from the US Department of Labor. According to data released by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab, private payrolls increased by 140,000 last month after increasing by 111,000 in January. The report shows that the market US employment is still growing steadily.
In addition to interest rate expectations, experts say that precious metals are also supported by the demand of central banks. According to senior analyst Krishan Gopaul of the World Gold Council, last year's gold buying momentum is continuing to extend into this year. This expert predicts that 2024 could be another boom year for the yellow metal after witnessing a sharp increase in additional gold demand in January from countries that regularly buy gold such as China and Turkey. Ky, India…
With domestic gold prices continuing to increase and world gold prices listed at Kitco at 2,145.4 USD/ounce
In addition to interest rate expectations, experts say that precious metals are also supported by the demand of central banks. According to senior analyst Krishan Gopaul of the World Gold Council, last year's gold buying momentum is continuing to extend into this year. This expert predicts that 2024 could be another boom year for the yellow metal after witnessing a sharp increase in additional gold demand in January from countries that regularly buy gold such as China and Turkey. Ky, India…
With domestic gold prices continuing to increase and world gold prices listed at Kitco at 2,145.4 USD/ounce
Note
BUY XAU 2050 - 2048TP1: 2060
TP2: 2075
SL: 2038
Note
Hit TP1: + 100 pipsNote
running + 150 pipsNote
running + 170 pips
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