Gold prices rose as the US dollar and Treasury yields fell due to poor economic indicators. There are doubts about whether the US Federal Reserve can maintain its current policy. Market expectations for more rate hikes by the Fed may change based on future data.
Gold also received support from the decline in the dollar after US manufacturing activity continued to decline in June.
Gold bulls have the advantage in the short term, aiming to surpass the solid resistance level of $2,000 per ounce. On the other hand, bears aim to push prices below the technical support level of $1,850 per ounce.
Gold also received support from the decline in the dollar after US manufacturing activity continued to decline in June.
Gold bulls have the advantage in the short term, aiming to surpass the solid resistance level of $2,000 per ounce. On the other hand, bears aim to push prices below the technical support level of $1,850 per ounce.
Commento:
Gold is real
