World gold price stood at 1,950 USD/ounce, a sharp increase of 18 USD/ounce compared to last week's closing session. After hitting a 7-month low and experiencing a series of 9 consecutive days of decline, gold prices have begun to recover since last week's session.
It is predicted that gold prices will decrease this week. However, the precious metal appears to have bottomed out and it may be time to turn around. It's also possible that gold could remain within its recent range this week. Don't think another pullback will produce a bottom, although it could happen.
This is the time to buy, even if bond yields are higher. In the coming time, with the unstable economic situation, there are many factors supporting the upward trend in gold prices. While it is possible for gold to fall to $1,800 an ounce, market risks could make current prices an attractive entry point.
Plan BUY 1842-1840
It is predicted that gold prices will decrease this week. However, the precious metal appears to have bottomed out and it may be time to turn around. It's also possible that gold could remain within its recent range this week. Don't think another pullback will produce a bottom, although it could happen.
This is the time to buy, even if bond yields are higher. In the coming time, with the unstable economic situation, there are many factors supporting the upward trend in gold prices. While it is possible for gold to fall to $1,800 an ounce, market risks could make current prices an attractive entry point.
Plan BUY 1842-1840
