XAUUSD -World gold surpasses 1,900 USD, increases strongly again
The world gold price on the Kitco exchange was at $1,917.42 per ounce, up $18.77 compared to the previous session.
Investors expect Powell to note that interest rates are likely to stay higher for a longer period so that inflation could return to 2%.
Analysts warn that Powell could warn of an era of higher US interest rates, especially as detection remains high and the labor market remains strong. Any signal of higher US interest rates is likely to cause more setbacks for gold, rising interest rates will provide opportunities as investment in the yellow metal picks up.
Trading has boomed over the past year, when the metal came under renewed pressure in August after US detections remained high in July. Despite this week's rally, gold prices are still trading near 5-month lows, with a rally in the yellow variety expected to be short-lived as US gains remain. higher for a longer period of time.
XAUUSD BUY 1915- 1917🕯
✅ TP1: 1923
✅ TP2: 1928
⚠️ SL: 1908
Investors expect Powell to note that interest rates are likely to stay higher for a longer period so that inflation could return to 2%.
Analysts warn that Powell could warn of an era of higher US interest rates, especially as detection remains high and the labor market remains strong. Any signal of higher US interest rates is likely to cause more setbacks for gold, rising interest rates will provide opportunities as investment in the yellow metal picks up.
Trading has boomed over the past year, when the metal came under renewed pressure in August after US detections remained high in July. Despite this week's rally, gold prices are still trading near 5-month lows, with a rally in the yellow variety expected to be short-lived as US gains remain. higher for a longer period of time.
XAUUSD BUY 1915- 1917🕯
✅ TP1: 1923
✅ TP2: 1928
⚠️ SL: 1908
