Gold continues to increase, which entry to enter the order?
World gold prices increased sharply with spot gold increasing by 34.9 USD to 2,115.1 USD/ounce. Gold futures last traded at 2,124.4 USD/ounce, up 28.7 USD compared to yesterday morning.
World yellow metal prices reached a 3-month high at the beginning of the week, boosted by increased expectations that the US Federal Reserve (Fed) will loosen monetary policy.
Last week, gold prices rose about $50 as reports showed tepid construction and manufacturing spending in the US as well as downward price pressure.
The next important economic information awaited by the market is the February jobs report to be released on Friday. This data is expected to impact expectations of interest rate cuts in the US.
According to the CME Fed Watch tool, markets are pricing in a 67% chance that the Fed will cut interest rates in June.
World yellow metal prices reached a 3-month high at the beginning of the week, boosted by increased expectations that the US Federal Reserve (Fed) will loosen monetary policy.
Last week, gold prices rose about $50 as reports showed tepid construction and manufacturing spending in the US as well as downward price pressure.
The next important economic information awaited by the market is the February jobs report to be released on Friday. This data is expected to impact expectations of interest rate cuts in the US.
According to the CME Fed Watch tool, markets are pricing in a 67% chance that the Fed will cut interest rates in June.
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