Gold prices rose nearly $1890/troy ounce in Asia on Friday, showing signs of recovery after four straight weeks of declines. The US Dollar (USD) fell, contributing to the recovery of Gold prices.
However, there is still the possibility that Gold sellers could become more active due to factors such as increased risk aversion in the market, higher US Treasury yields and the economic situation. challenges that China is facing. -these factors are likely to influence the positive impact of the Greenback drawdown and impact the overall Gold Price Crash Factor.
However, there is still the possibility that Gold sellers could become more active due to factors such as increased risk aversion in the market, higher US Treasury yields and the economic situation. challenges that China is facing. -these factors are likely to influence the positive impact of the Greenback drawdown and impact the overall Gold Price Crash Factor.
Minutes of the Fed's July meeting showed on Wednesday that most members of the rate-setting committee were in favor of higher rates to curb inflation.