GOLD - Continue the upward strategy
In the previous week, the price of spot gold rose by over 1.25%, reaching a closing rate of 1,940.75 USD per ounce at the end of the weekend session. This surge was driven by a nonfarm payrolls report which revealed an increase in unemployment and ongoing fragility in the US industrial production index.
According to Kitco News' most recent survey on gold, more than two-thirds of individual investors anticipate a rise in global gold prices for the upcoming week.
According to Kitco News' most recent survey on gold, more than two-thirds of individual investors anticipate a rise in global gold prices for the upcoming week.
Note
Today, observe 2 important milestones- Region 1935 watch BUY
- Area 1950 watch SEL
Note
Marc Chandler - Managing Director at Bannockburn Global Forex also expects gold prices to increase this week.Note
The Fed says it will need to consider a slowdown in the labor market as a condition for ending the current tightening cycle.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.