XAUUSD - Efforts to recover, world gold price increases
The world gold rose again in the context of the USD's rally slowing down and the US bond yields turning to drop slightly. U.S. bond yields fell from 16-year highs also helped push gold prices back up.
The gold market is quieter as investors are turning their attention to the annual economic symposium of the US Federal Reserve (Fed) to be held later this week in Jackson Hole, Wyoming. . All await the speech of Fed Chairman Jerome Powell for clues on the interest rate outlook.
Kelvin Wong, senior market analyst at exchange OANDA (Singapore), predicts discussions at the Jackson Hole Conference will likely focus on whether the central bank should keep interest rates long. term or not. the equilibrium interest rate is higher than it was a decade ago. If the long-term equilibrium interest rate scenario is supported by a high inflation environment, the gold price can be viewed as a hedging tool and attracting investors when the price has fallen to an attractive level.
XAUUSD BUY 1895-1897🕯
✅ TP1: 1902
✅ TP2: 1907
⚠️ SL: 1888
The gold market is quieter as investors are turning their attention to the annual economic symposium of the US Federal Reserve (Fed) to be held later this week in Jackson Hole, Wyoming. . All await the speech of Fed Chairman Jerome Powell for clues on the interest rate outlook.
Kelvin Wong, senior market analyst at exchange OANDA (Singapore), predicts discussions at the Jackson Hole Conference will likely focus on whether the central bank should keep interest rates long. term or not. the equilibrium interest rate is higher than it was a decade ago. If the long-term equilibrium interest rate scenario is supported by a high inflation environment, the gold price can be viewed as a hedging tool and attracting investors when the price has fallen to an attractive level.
XAUUSD BUY 1895-1897🕯
✅ TP1: 1902
✅ TP2: 1907
⚠️ SL: 1888
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