GOLD increased beyond 2,000 USD/ounce
During the trading session lasting from last night to early November 22, the spot price of gold on the international market experienced a fierce increase, breaking the resistance threshold of 2,000 USD/ounce to reach 2,007 USD/ounce. . Gold price today has cooled somewhat, trading at 1,998 USD/ounce
Gold prices today fluctuate strongly due to the decline in US bond interest rates - to 4.4%/year. Since then, investors criticized bonds and shifted money to precious metals, creating momentum for today's gold price to increase dramatically.
Gold prices are trying to stabilize above 2,000 USD/ounce. Falling US bond interest rates are supporting world gold prices towards the resistance zone of 2,015 - 2,025 USD/ounce.
The highlight of the gold market is the November minutes of the Federal Open Market Committee (FOMC - US) which will be published at the end of November 22. Accordingly, investors will look for more clues about US monetary policy.
Currently, inflation and the labor market in the US have cooled, while the country's economic activity shows signs of weakening. Therefore, financial investors increasingly expect the US to reduce interest rates in 2024. At that time, the value of the USD will decline, benefiting world gold prices.
Gold prices today fluctuate strongly due to the decline in US bond interest rates - to 4.4%/year. Since then, investors criticized bonds and shifted money to precious metals, creating momentum for today's gold price to increase dramatically.
Gold prices are trying to stabilize above 2,000 USD/ounce. Falling US bond interest rates are supporting world gold prices towards the resistance zone of 2,015 - 2,025 USD/ounce.
The highlight of the gold market is the November minutes of the Federal Open Market Committee (FOMC - US) which will be published at the end of November 22. Accordingly, investors will look for more clues about US monetary policy.
Currently, inflation and the labor market in the US have cooled, while the country's economic activity shows signs of weakening. Therefore, financial investors increasingly expect the US to reduce interest rates in 2024. At that time, the value of the USD will decline, benefiting world gold prices.
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🧩Account management
🧩Forex signals have a high win rate
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