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Today, gold price continues to decrease by US $ 10.6 to $ 1,915.2/ounce and there is still little sign that the downtrend is cooling down.
Gold has been heavily affected by the price increase of the US dollar and the increasing bond yields. The yield of American Treasury bonds has reached the highest level for many years, which increases the cost of the holding of non -interest assets like gold.
The federal reserve's hawk stance at the recent monetary policy meeting will continue to play the role of a catalyst that makes bond interest rates higher and stronger US dollar, significantly putting pressure on precious metal.
From Samson's personal point of view, it is likely that gold will check the price of $ 1,910 before any new market movement.
Today, gold price continues to decrease by US $ 10.6 to $ 1,915.2/ounce and there is still little sign that the downtrend is cooling down.
Gold has been heavily affected by the price increase of the US dollar and the increasing bond yields. The yield of American Treasury bonds has reached the highest level for many years, which increases the cost of the holding of non -interest assets like gold.
The federal reserve's hawk stance at the recent monetary policy meeting will continue to play the role of a catalyst that makes bond interest rates higher and stronger US dollar, significantly putting pressure on precious metal.
From Samson's personal point of view, it is likely that gold will check the price of $ 1,910 before any new market movement.
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good luck traders
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Gold decreased according to technical indicators, good transactions
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