XAU all time high
Gold prices were little changed this morning, the USD weakened and investors increasingly believe that the US Federal Reserve (Fed) may cut interest rates in September.
"The main driver of the rise in gold prices has been financial investment demand, especially as ETF buying has improved and overall sentiment has improved on expectations of a Fed easing cycle starting in September."
holdings of the world's largest gold-backed exchange-traded fund, rose to a seven-month high of 859 tonnes on August 19.
"The main driver of the rise in gold prices has been financial investment demand, especially as ETF buying has improved and overall sentiment has improved on expectations of a Fed easing cycle starting in September."
holdings of the world's largest gold-backed exchange-traded fund, rose to a seven-month high of 859 tonnes on August 19.
Comment
BUY XAU 2504
TP1: 2513
TP2: 2420
SL: 2495
Comment
BUY XAU 2500
TP1: 2513
TP2: 2420
SL: 2492
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