What changes in gold price at the beginning of the new week?
Hello dear friends, a new week has arrived, wishing you lots of energy!
Today: The price of gold is touching the level of 1990-1991 USD at the beginning of Monday and performing well in the upward price channel on the 4-hour chart.
Instead of concerns about the Israel-Hamas conflict, the market will now shift focus to the Federal Reserve's interest rate cuts, with the only question being when and how much. The catalyst for the prolonged recovery of gold will be the lower interest rates in the US and a weaker USD, and these factors are taking shape. Difficulties in the bond market and the Fed's hesitation may lead to a significant increase in gold.
Today: The price of gold is touching the level of 1990-1991 USD at the beginning of Monday and performing well in the upward price channel on the 4-hour chart.
Instead of concerns about the Israel-Hamas conflict, the market will now shift focus to the Federal Reserve's interest rate cuts, with the only question being when and how much. The catalyst for the prolonged recovery of gold will be the lower interest rates in the US and a weaker USD, and these factors are taking shape. Difficulties in the bond market and the Fed's hesitation may lead to a significant increase in gold.
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