predict XAU's direction
Updated
Analysts say the international gold market is stuck between growing economic instability and the monetary policy of the US Federal Reserve (FED).
Last week, the FED kept interest rates unchanged at 5.25% - 5.5% but still maintains the view that interest rates will increase by 0.25 percentage points by the end of 2023. After that, interest rates will stand at a high level. over a long period of time to pull inflation in the US down sharply.
With the above information, the business world may speculate that world gold prices still face many difficulties. So they limit their holdings of precious metals. Today's world gold price from 1,925 USD/ounce to 1,915 USD/ounce at 6:00 a.m. on September 26.
In the domestic market, gold prices also decreased again following the downward trend of world gold prices. At 9 o'clock, listed businesses bought SJC gold price at 68.15 million VND/tael, sold at 68.85 million VND/tael, down 150,000 VND/tael compared to the end of yesterday.
Last week, the FED kept interest rates unchanged at 5.25% - 5.5% but still maintains the view that interest rates will increase by 0.25 percentage points by the end of 2023. After that, interest rates will stand at a high level. over a long period of time to pull inflation in the US down sharply.
With the above information, the business world may speculate that world gold prices still face many difficulties. So they limit their holdings of precious metals. Today's world gold price from 1,925 USD/ounce to 1,915 USD/ounce at 6:00 a.m. on September 26.
In the domestic market, gold prices also decreased again following the downward trend of world gold prices. At 9 o'clock, listed businesses bought SJC gold price at 68.15 million VND/tael, sold at 68.85 million VND/tael, down 150,000 VND/tael compared to the end of yesterday.
Note
XAU BUY 1913 - 1915TP1: 1918
TP2: 1920
SL: 1903
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