Gold prices continued to rise slightly today, with an increase of $2.9 per ounce, bringing the price to $1,901.
The ability to make up for short-term losses and some bargain hunting activities are believed to be the driving factors behind this precious metal's upward momentum, after reaching its lowest point in the past five months.
The market seems more subdued as traders and investors alike focus their attention on the upcoming annual economic symposium organized by the Federal Reserve (Fed) in Jackson Hole this weekend. Everyone is eagerly awaiting the Fed Chairman's speech for clues about interest rate prospects that could help gold prices rebound.
The ability to make up for short-term losses and some bargain hunting activities are believed to be the driving factors behind this precious metal's upward momentum, after reaching its lowest point in the past five months.
The market seems more subdued as traders and investors alike focus their attention on the upcoming annual economic symposium organized by the Federal Reserve (Fed) in Jackson Hole this weekend. Everyone is eagerly awaiting the Fed Chairman's speech for clues about interest rate prospects that could help gold prices rebound.
코멘트:
Overnight, the US 10-year bond yield rose to 4.36%, the highest level since late 2007
코멘트:
although yields could move higher in the near-term, an end to the cycle of central bank tightening will eventually hold back gold's rally.
코멘트:
Despite gold's recent struggles, there is some optimism that the upcoming Jackson Hole Symposium will help push its price back up.
코멘트:
On August 25, Fed Chairman Jerome Powell will give a speech giving his views on the Fed's monetary policy in the near future.
코멘트:
Gold is still moving in the direction the Fed wants
코멘트:
good luck everyone
코멘트:
Wishing you a smooth transaction and many big wins