GOLD - Will drop to 1880 ?
Gold price update up to the present day on August 18, gold continued to fall to the price of 1,891.9 USD/ounce.
Gold continued to trade at a 5-month low as bond yields continued to rise following the release of the minutes of the US Federal Reserve's July monetary policy meeting (Fed).
Rising bond yields have increased the opportunity cost of holding zero-yield assets like gold, while the dollar's rally has taken away the precious metal's appeal to buyers of other types of assets. other currency. Two headwinds pushed gold to a five-month low.
The gold price trend forecast, despite short-term selling pressure, said analysts at Australia-based ANZ bank said they maintain a bullish medium to long-term outlook for the metal. precious type.
Gold continued to trade at a 5-month low as bond yields continued to rise following the release of the minutes of the US Federal Reserve's July monetary policy meeting (Fed).
Rising bond yields have increased the opportunity cost of holding zero-yield assets like gold, while the dollar's rally has taken away the precious metal's appeal to buyers of other types of assets. other currency. Two headwinds pushed gold to a five-month low.
The gold price trend forecast, despite short-term selling pressure, said analysts at Australia-based ANZ bank said they maintain a bullish medium to long-term outlook for the metal. precious type.
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