Gold may recover from the support
Gold plummeted after the US elections, removing the geopolitical premium from the price. However, uncertainty hasn't gone away, and it might continue moving in the direction of the trend.
Yesterday's planned decline of the interest rate and the supporting speech of Jerome Powell points to a neutral sentiment of the FED toward the monetary policy as the economic outlook stabilizes. Political uncertainty is still at the center of the agenda, but markets are quiet after the first optimistic spike of stocks and cryptos.
It's possible to observe another ATH for Gold soon.
Don't forget - always do your own research and never forget to manage your risk!
Yesterday's planned decline of the interest rate and the supporting speech of Jerome Powell points to a neutral sentiment of the FED toward the monetary policy as the economic outlook stabilizes. Political uncertainty is still at the center of the agenda, but markets are quiet after the first optimistic spike of stocks and cryptos.
It's possible to observe another ATH for Gold soon.
Don't forget - always do your own research and never forget to manage your risk!
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