Gold prices rose to a new record high
Dear traders!
Gold continues its bullish outlook, based on last Friday's previous close, with prices currently hovering around $2,436 USD.
Later on Monday, gold traders will focus on speeches by Bostic, Barr, Waller, Jefferson and Mester of the Federal Reserve (Fed), which could provide some insight into the path future monetary policy direction. A cautious approach or hawkish comments from Fed officials could limit the precious metal's gains.
On the other hand, amid new hopes of interest rate cuts from the US Federal Reserve and rising geopolitical tensions in the Middle East. Gold has many opportunities for further growth in the medium and long term, thereby reducing downward pressure on gold prices, thereby protecting the $2,400 level as a motivation for buyers to continue promoting the realization of growth. .
Gold continues its bullish outlook, based on last Friday's previous close, with prices currently hovering around $2,436 USD.
Later on Monday, gold traders will focus on speeches by Bostic, Barr, Waller, Jefferson and Mester of the Federal Reserve (Fed), which could provide some insight into the path future monetary policy direction. A cautious approach or hawkish comments from Fed officials could limit the precious metal's gains.
On the other hand, amid new hopes of interest rate cuts from the US Federal Reserve and rising geopolitical tensions in the Middle East. Gold has many opportunities for further growth in the medium and long term, thereby reducing downward pressure on gold prices, thereby protecting the $2,400 level as a motivation for buyers to continue promoting the realization of growth. .
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Trade active
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