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Recently, gold prices have increased sharply, nearly 570 USD/ounce, after the US Federal Reserve decided to cut interest rates by another 0.5%. Currently, gold is on track to reach a new high, expected to reach 2,700 USD/ounce.
The upcoming important event is the US presidential election, which can create many unpredictable fluctuations in the market, which will further promote gold as a safe haven channel that many investors prioritize.
Recently, gold prices have increased sharply, nearly 570 USD/ounce, after the US Federal Reserve decided to cut interest rates by another 0.5%. Currently, gold is on track to reach a new high, expected to reach 2,700 USD/ounce.
The upcoming important event is the US presidential election, which can create many unpredictable fluctuations in the market, which will further promote gold as a safe haven channel that many investors prioritize.
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Related publications
Disclaimer
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.