Gold prices experienced a slight decline today due to the sluggish US economic data, making it difficult for the Federal Reserve to raise interest rates in the near future. In the upcoming period, gold is expected to trade within a range of $1,975-1,985 per ounce. Therefore, investors should remain cautious about the short-term prospects of gold given the higher stock market and stronger US dollar.
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.