Gold price today (April 9), the world market reversed and increased sharply again compared to the previous trading session. Rising demand and high expectations of investors have pushed gold prices up despite positive economic developments.
A series of positive US economic information shows signs that the world's No. 1 economy is recovering well. Therefore, the US Federal Reserve (Fed) still maintains its stance of tightening monetary policy until inflation falls to the target level of 2%. Market forecasts for the Fed to lower interest rates next June have decreased from over 70% to over 60%.
Gold has reached multiple record highs this year, mostly in the past two months. Surprisingly, its usual negative correlation with U.S. real rates has significantly weakened, causing concern among investors.
Gold prices are reaching new record highs due to geopolitical concerns and a strong safe-haven demand. Escalating tensions between Israel and Iran have contributed to the recent surge, and as the situation is expected to persist, the demand for gold will continue.
Support: 2328 - 2313 - 2303USD
Resistance: 2348 - 2354 - 2360USD
A series of positive US economic information shows signs that the world's No. 1 economy is recovering well. Therefore, the US Federal Reserve (Fed) still maintains its stance of tightening monetary policy until inflation falls to the target level of 2%. Market forecasts for the Fed to lower interest rates next June have decreased from over 70% to over 60%.
Gold has reached multiple record highs this year, mostly in the past two months. Surprisingly, its usual negative correlation with U.S. real rates has significantly weakened, causing concern among investors.
Gold prices are reaching new record highs due to geopolitical concerns and a strong safe-haven demand. Escalating tensions between Israel and Iran have contributed to the recent surge, and as the situation is expected to persist, the demand for gold will continue.
Support: 2328 - 2313 - 2303USD
Resistance: 2348 - 2354 - 2360USD
