XAUUSD - Gold prices continue to rise with no signs of stopping
Updated
World gold prices increased this morning with spot gold increasing by 14.2 USD to 1,874 USD/ounce. December gold futures last traded at $1,873.80/ounce, up $13.50 from yesterday morning.
World gold continues to benefit from safe haven demand in the context of the Israel-Hamas conflict with no signs of ending. The precious metal has been strengthening modestly despite the September meeting compilation of the US Federal Reserve (Fed) showing that the central bank is committed to maintaining "higher" monetary policy market settings. " over the longer term " The Federal Open Market Committee (FOMC), the Fed's policy arm, continues to support interest rate increases until it is certain that growth will fall to the 2% target.
The gold market is proving solid after escaping its lowest level in 7 months last week. While the market remains risky, World Gold Council (WGC) analysts said last month's selling pressure could be a buying opportunity for advisors.
World gold continues to benefit from safe haven demand in the context of the Israel-Hamas conflict with no signs of ending. The precious metal has been strengthening modestly despite the September meeting compilation of the US Federal Reserve (Fed) showing that the central bank is committed to maintaining "higher" monetary policy market settings. " over the longer term " The Federal Open Market Committee (FOMC), the Fed's policy arm, continues to support interest rate increases until it is certain that growth will fall to the 2% target.
The gold market is proving solid after escaping its lowest level in 7 months last week. While the market remains risky, World Gold Council (WGC) analysts said last month's selling pressure could be a buying opportunity for advisors.
Note
XAUUSD BUY 1865-1867✔️TP1: 1873
✔️TP2: 1880
❌SL: 1857
Note
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