GOLD - Gold market falls, where is the selling point of Gold?
Gold prices fell in Tuesday's trading session as uncertainty over the US Federal Reserve's next move and anticipation of a stronger period of growth this week faltered. USD support and bond interest. Domestic gold price, therefore, may decrease tomorrow morning.
The dollar and bond markets have rallied over the past week, with the greenback surging on predictions that the consumer price index (CPI), due for release on Thursday (August 10), could be for found. a number of offset offset hard.
Gold has received little investor interest, reducing growth prospects for non-yielding assets affected by slower development with more upside prospects.
Recent comments from Fed officials have offered mixed views on future rate hikes by the central bank.
Fed Governor Michelle Bowman said on Monday that more rate hikes would likely be needed to bring emissions closer to the Fed's annual target range.
While usage has dropped significantly this year, it's still well above the Fed's target. The rest of the core remains for the most part still high.
The dollar and bond markets have rallied over the past week, with the greenback surging on predictions that the consumer price index (CPI), due for release on Thursday (August 10), could be for found. a number of offset offset hard.
Gold has received little investor interest, reducing growth prospects for non-yielding assets affected by slower development with more upside prospects.
Recent comments from Fed officials have offered mixed views on future rate hikes by the central bank.
Fed Governor Michelle Bowman said on Monday that more rate hikes would likely be needed to bring emissions closer to the Fed's annual target range.
While usage has dropped significantly this year, it's still well above the Fed's target. The rest of the core remains for the most part still high.
✅ TP1: 1927
✅ TP2: 1923
🛑 SL: 1938