Gold price increased sharply today
Updated
Gold prices have unexpectedly surged after a period of stagnation, thanks to the weakening of the US dollar. This morning, the US Dollar Index, which measures the fluctuation of the greenback, dropped by 0.19%, increasing gold's appeal to buyers who are holding other currencies.
Currently, the market is eagerly awaiting news from the annual meeting of central banks organized by the Federal Reserve (Fed) from August 24th to August 26th. Of particular interest is Fed Chairman Jerome Powell's speech on August 25th, where he will outline his views on monetary policy in the near future.
Currently, the market is eagerly awaiting news from the annual meeting of central banks organized by the Federal Reserve (Fed) from August 24th to August 26th. Of particular interest is Fed Chairman Jerome Powell's speech on August 25th, where he will outline his views on monetary policy in the near future.
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What do you think about the current gold price??
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“When the Fed stops tightening before inflation is under control, then I think gold will rise.”Note
good luck everyone
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