"Gold Surges Amid US Economic Factors"
Updated
Today, gold prices experienced a significant surge in response to a decrease in US bond yields, dropping from 4.8% to 4.7%. This shift prompted investors in bonds to redirect their capital towards gold, especially after the precious metal faced a decline in recent days.
Simultaneously, the weakening of the USD Index from 106.24 points to 106.1 points caused the US dollar to depreciate against many other foreign currencies, providing momentum for gold prices to rise.
Given these developments, market speculators anticipate a bullish trend in the gold market in the coming days. Consequently, when gold prices dipped to $1,810 per ounce, buyers quickly increased their purchasing power.
This swift reaction led to a substantial increase in gold prices, reaching $1,834 per ounce by the beginning of October 7th, marking the closing price for the week's trading session at this level.
Simultaneously, the weakening of the USD Index from 106.24 points to 106.1 points caused the US dollar to depreciate against many other foreign currencies, providing momentum for gold prices to rise.
Given these developments, market speculators anticipate a bullish trend in the gold market in the coming days. Consequently, when gold prices dipped to $1,810 per ounce, buyers quickly increased their purchasing power.
This swift reaction led to a substantial increase in gold prices, reaching $1,834 per ounce by the beginning of October 7th, marking the closing price for the week's trading session at this level.
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good luck !Note
The market is at point 1832. good luck !Note
is going in a good directionNote
The market is still following a good development trend !Note
The market is at 132,035, with a very good development trend
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good luck !
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