The price of gold has not stopped falling: should buy or sell ?
The weakening of gold is due to the significant increase in the value of the US dollar on the international market over the past few days, as a result of the Federal Reserve's decision to maintain its tight monetary policy.
The US dollar index has risen by 0.2%, making gold more expensive for those who hold other currencies.
Reflecting investors' lack of optimism about the prospects for gold prices, the world's largest gold exchange-traded fund (ETF), SPDR Gold Trust, continues to sell off its holdings, reaching their lowest level since January 2020.
The US dollar index has risen by 0.2%, making gold more expensive for those who hold other currencies.
Reflecting investors' lack of optimism about the prospects for gold prices, the world's largest gold exchange-traded fund (ETF), SPDR Gold Trust, continues to sell off its holdings, reaching their lowest level since January 2020.
코멘트:
The latest US retail sales data, which will be released on Tuesday, could contribute to the debate. So far, US consumers have remained resilient even in the face of rising interest rates, and this momentum could bolster the dollar.
코멘트:
“We believe the Fed is nearing the end of its bull cycle, the USD remains in a structural downtrend, and tightening credit conditions could represent an economic risk,” Hynes said in the report. These create a supportive backdrop for gold.”
