The price of gold briefly broke through the $1,900 mark, which spurred the price of gold to soar to around $1,920. Nonetheless, Powell's upcoming remarks have the potential to anchor gold prices at $1,900, or push them towards the $1,950 mark. Meanwhile, a stronger U.S. dollar, rising for a sixth week in a row, raised costs for buyers and held back gold's upward momentum.
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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.