الذهب / دولار أمريكيتم تحديثه GOLD WILL GO BUY CONFIRM PREDICRTION FOR TODAY.
Gold price (XAU/USD) reverses an intraday dip to the $1,990 area and climbs to a fresh daily peak during the early part of the European session. The precious metal, however, remains below the $2,000 psychological mark amid expectations that the Federal Reserve (Fed) will keep the door open for one additional rate hike in 2023 to bring inflation back to its 2% target. The hawkish outlook remains supportive of elevated US Treasury bond yields, which helps revive the US Dollar (USD) demand and might cap the non-yielding yellow metal.
Apart from this, Israel's more measured approach to its incursion into Gaza has eased fears about a broadening crisis in the Middle East and further undermines the safe-haven Gold price. That said, the risk of a further escalation in the Israel-Hamas conflict remains, which, along with the uncertainty over the economic recovery in China, assists the XAU/USD in attracting some dip-buying near the $1,990 region. The emergence of some dip-buying, meanwhile, warrants some caution before positioning for any meaningful corrective decline GOLD BUY : 1998
TP. : 2008
TP. : 2015
TP. : 2025
Apart from this, Israel's more measured approach to its incursion into Gaza has eased fears about a broadening crisis in the Middle East and further undermines the safe-haven Gold price. That said, the risk of a further escalation in the Israel-Hamas conflict remains, which, along with the uncertainty over the economic recovery in China, assists the XAU/USD in attracting some dip-buying near the $1,990 region. The emergence of some dip-buying, meanwhile, warrants some caution before positioning for any meaningful corrective decline GOLD BUY : 1998
TP. : 2008
TP. : 2015
TP. : 2025
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