Gold breaks current price channel, strategy to buy Gold
World gold prices continued to decline sharply with spot gold down 42.7 USD to 2,378 USD/ounce. Gold futures last traded at 2,382.1 USD/ounce, down 43.7 USD compared to yesterday morning.
The world precious metals market continues to be pressured by the policy stance of the US Federal Reserve (Fed) after the meeting minutes ended earlier this month. According to the minutes, although US monetary policy has become a secondary factor in the gold market, persistent inflation could create some selling pressure as it could force the Fed to raise interest rates again. .
This view goes completely against the recent statements of members of the US Monetary Policy Committee when they said that although they are not ready to cut interest rates because inflation is still high, they will not raise interest rates. capacity.
According to experts, the minutes reflect growing disappointment that consumer prices have not returned to the 2% target as firmly as expected.
Recently, gold has been greatly affected by the Fed's "hawkish" policy stance. Despite fluctuations, gold is still considered an effective investment asset thanks to its role in preventing inflation and diversifying investment portfolios. Experts believe that the roles driving the recent increase are still being maintained and are unlikely to change in the future.
The world precious metals market continues to be pressured by the policy stance of the US Federal Reserve (Fed) after the meeting minutes ended earlier this month. According to the minutes, although US monetary policy has become a secondary factor in the gold market, persistent inflation could create some selling pressure as it could force the Fed to raise interest rates again. .
This view goes completely against the recent statements of members of the US Monetary Policy Committee when they said that although they are not ready to cut interest rates because inflation is still high, they will not raise interest rates. capacity.
According to experts, the minutes reflect growing disappointment that consumer prices have not returned to the 2% target as firmly as expected.
Recently, gold has been greatly affected by the Fed's "hawkish" policy stance. Despite fluctuations, gold is still considered an effective investment asset thanks to its role in preventing inflation and diversifying investment portfolios. Experts believe that the roles driving the recent increase are still being maintained and are unlikely to change in the future.
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🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/FalCol_TradingMaster
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