XAUUSD : Will it belong to the bears or the bulls?
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Let's find out about the price of gold today with Karina!
The global price of gold this morning is trending upwards, with spot gold increasing by $2.3 compared to the closing price of last week's trading session, reaching $2,022.2 per ounce.
The fluctuations in the gold market this week are considered unpredictable due to the updated economic forecasts from the Federal Reserve, which will be announced at their final policy meeting in 2023.
Additionally, we also need to monitor some important reports, including the personal consumption expenditure index, which will be released on Thursday. If the report shows a continued "cooling down" of inflation, it will strengthen the possibility of the Fed cutting interest rates next year and pushing gold prices higher. Conversely, an increase in inflation would put pressure on gold.
Karina expects the price to decrease. And you, what do you think?
The global price of gold this morning is trending upwards, with spot gold increasing by $2.3 compared to the closing price of last week's trading session, reaching $2,022.2 per ounce.
The fluctuations in the gold market this week are considered unpredictable due to the updated economic forecasts from the Federal Reserve, which will be announced at their final policy meeting in 2023.
Additionally, we also need to monitor some important reports, including the personal consumption expenditure index, which will be released on Thursday. If the report shows a continued "cooling down" of inflation, it will strengthen the possibility of the Fed cutting interest rates next year and pushing gold prices higher. Conversely, an increase in inflation would put pressure on gold.
Karina expects the price to decrease. And you, what do you think?
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