Hello everyone, let's join Darius to explore this week's trading session!
The price of gold worldwide continued to show its decline at around $1843 in the beginning of the week. Gold has been continuously plummeting since the Federal Reserve kept interest rates unchanged during their September policy meeting and reiterated that rates will remain higher for a longer period than previously predicted.
On the other hand, Gold is expected to slightly decrease before reversing its direction upwards as October will witness a turnaround in the market due to increased demand from China and India for this precious metal. The Diwali festival begins in November, but many Indian citizens will start accumulating gold from October onwards.
The price of gold worldwide continued to show its decline at around $1843 in the beginning of the week. Gold has been continuously plummeting since the Federal Reserve kept interest rates unchanged during their September policy meeting and reiterated that rates will remain higher for a longer period than previously predicted.
On the other hand, Gold is expected to slightly decrease before reversing its direction upwards as October will witness a turnaround in the market due to increased demand from China and India for this precious metal. The Diwali festival begins in November, but many Indian citizens will start accumulating gold from October onwards.
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good luck everyone
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Investors should prepare for some volatility next week as the market digests the jobs data.
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What do you think about the market this week? Comment your thoughts and wishes.
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