World gold prices are currently increasing again with spot gold prices increasing by 9.3 USD, to 1,979.6 USD/ounce compared to yesterday morning. Gold futures last traded at $1,994.90 per ounce, up $8.80 in today's session.
Gold prices in today's trading session increased slightly in the context of the conflict in the Middle East remaining tense and consultants waiting for important economic data from the US to get more signals about the Bureau's policy direction. Federal Reserve (Fed).
Bob Haberkorn, senior market strategist at RJO Futures, knows geopolitical concerns won't go away any time soon, which will continue to support gold.
The gold index increased and the US 10-term treasury bond yields increased and gold became more bearish. Today's consultant's opinion has turned to the US third quarter GDP data to be released today, October 26, and the Personal Expenditure Price Index (PCE) to be released on Friday (October 27). . These data may influence the development of Fed interest rates.
If the data slows, the Fed will have more reason to lower interest rates, which will greatly support gold and push its value above $2,000.