Sofiaa - XAUUSD: To the moon!
Gold price held firm despite Monday's strong US consumer inflation data, as markets bet the Federal Reserve will keep interest rates unchanged next week.
But whether gold prices will remain at $1,900 an ounce remains a question, as U.S. interest rates are likely to remain higher for longer. The dollar also remained stable at a nearly six-month high, despite gold's biggest gain.
But whether gold prices will remain at $1,900 an ounce remains a question, as U.S. interest rates are likely to remain higher for longer. The dollar also remained stable at a nearly six-month high, despite gold's biggest gain.
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