In the foreign exchange market, the US Dollar Index (DXY) opened this morning at 103.91 points.
It is predicted that gold price will reach 2,210 USD/ounce in the fourth quarter of this year, reaching a new all-time high. However, he added that there is a possibility of stronger gold price gains as the Federal Reserve risks making policy mistakes.
Although expectations for the start of the Federal Reserve's easing cycle continue to be pushed back, according to one market strategist, the longer the central bank waits, the greater the risk of policy missteps. the larger, this could ultimately benefit precious metals.
It is predicted that gold price will reach 2,210 USD/ounce in the fourth quarter of this year, reaching a new all-time high. However, he added that there is a possibility of stronger gold price gains as the Federal Reserve risks making policy mistakes.
Although expectations for the start of the Federal Reserve's easing cycle continue to be pushed back, according to one market strategist, the longer the central bank waits, the greater the risk of policy missteps. the larger, this could ultimately benefit precious metals.
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Hit TP2 + 150 pips
TP1: 2029
TP2: 2020
SL: 2043