The global gold market is gentle and currently remains at $1,940 per ounce. Meanwhile, the USD still decreased slightly.
At the time of the survey, the US Dollar Index (DXY) which measures the volatility of the greenback with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) down 0.07%; about 104.17.
World gold prices fluctuated slightly, supported by a slight bubble in the USD as market participants became more and more confident that the Fed may have completed raising interest rates.
On September 1, traders bet, the Fed may have finished raising interest rates after a spike in the US failure rate and moderate wage hikes suggested softening market conditions.
Data since the last major meeting have added to the impression that the US economy is cooling without cracking, strengthening the stance against further interest increases and thereby supporting the zero performance good price.
At the time of the survey, the US Dollar Index (DXY) which measures the volatility of the greenback with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) down 0.07%; about 104.17.
World gold prices fluctuated slightly, supported by a slight bubble in the USD as market participants became more and more confident that the Fed may have completed raising interest rates.
On September 1, traders bet, the Fed may have finished raising interest rates after a spike in the US failure rate and moderate wage hikes suggested softening market conditions.
Data since the last major meeting have added to the impression that the US economy is cooling without cracking, strengthening the stance against further interest increases and thereby supporting the zero performance good price.
