World gold increased amid unabated geopolitical instability in many regions. At the same time, countries tend to increase gold reserves and reduce dependence on the USD, supporting the price of this precious metal.
Previously, in a meeting with the US Senate, Fed Chairman Jerome Powell said the US labor market had weakened and US Treasury Secretary Janet Yellen also said that US inflation would decrease over time. This increases expectations that the Fed will soon lower interest rates in September.
Previously, in a meeting with the US Senate, Fed Chairman Jerome Powell said the US labor market had weakened and US Treasury Secretary Janet Yellen also said that US inflation would decrease over time. This increases expectations that the Fed will soon lower interest rates in September.
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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.