The world XAU trading price is sky-high
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A number of important economic reports will be released by the US this week. Experts predict that the gold market will not change much after these reports.
However, the trend of gold is still on the rise due to expectations that the US Federal Reserve (Fed) will loosen monetary policy when the June consumer price index report is published.
FxPro senior market analyst Alex Kuptsikevich said that the fact that gold still maintains the $2,400/ounce mark is a good sign. He said that currently the signals showing the possibility of interest rate cuts by the Fed are becoming clearer.
In another analysis, gold is also predicted to increase sharply by experts. Accordingly, concerns about instability before and after elections in many countries around the world will support the rise of gold, pushing precious metal prices to new records.
However, the trend of gold is still on the rise due to expectations that the US Federal Reserve (Fed) will loosen monetary policy when the June consumer price index report is published.
FxPro senior market analyst Alex Kuptsikevich said that the fact that gold still maintains the $2,400/ounce mark is a good sign. He said that currently the signals showing the possibility of interest rate cuts by the Fed are becoming clearer.
In another analysis, gold is also predicted to increase sharply by experts. Accordingly, concerns about instability before and after elections in many countries around the world will support the rise of gold, pushing precious metal prices to new records.
Nota
SELL XAU 2430 TP1: 2424
TP2: 2418
SL: 2437
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