Gold rises slightly as Fed wants to cut interest rates
Prices for precious metals increased at the start of the new trading week on Monday, with relatively modest gains for gold and platinum, and solid gains for silver and palladium.
Up for a second consecutive session following three straight losses, gold for August delivery rose by $4.20, or 0.2%, to settle at $1,933.80 an ounce on the Comex division of the New York Mercantile Exchange.
Gold futures traded between $1,931.10 and $1,943.40, after falling 2.1% last week. They reached their lowest point last week on Thursday, ending at $1,923.70 an ounce, marking their weakest settlement since March 18.
XAUUSD
SELL 1928 - 1930 💯💯
✅ TP1 1923
✅ TP2 1918
✅ TP3 1913
🛑 SL 1936
Up for a second consecutive session following three straight losses, gold for August delivery rose by $4.20, or 0.2%, to settle at $1,933.80 an ounce on the Comex division of the New York Mercantile Exchange.
Gold futures traded between $1,931.10 and $1,943.40, after falling 2.1% last week. They reached their lowest point last week on Thursday, ending at $1,923.70 an ounce, marking their weakest settlement since March 18.
XAUUSD
SELL 1928 - 1930 💯💯 ✅ TP1 1923
✅ TP2 1918
✅ TP3 1913
🛑 SL 1936
