Gold price today 16/8/2023 retreated to near the lowest level in a month and a half. Investors tend to withdraw capital from gold, to turn to other areas such as bonds and stocks. Gold prices are forecast to continue falling in the short term.
Gold prices today kicked off the week with a split on market trends among Wall Street analysts, while retail investors remained fairly upbeat about its prospects. Gold prices have fallen more than 14% in the past week.
Gold price today 2/8/2023 started the new month with the best increase in 4 months. The market is now supported by expectations that the rate hike cycle by leading central banks is coming to an end. Lower interest rates will boost demand for gold and precious metals could be nearing the top of a long-term bull market
Gold price today July 31, 7 is flat, although the market has a little signal of increasing again over the weekend, but overall, it seems to be in a downtrend. Gold price forecast next week, although retail investors still have high expectations, experts are still "divided" on the prospect.
Gold price today, July 29, ended a week of the strongest drop of the year with a rally when the dollar fell again. While not a perfect environment for gold right now, low growth and persistent inflation are still positive for the precious metal.
Gold price today July 28, 7 plunged from the highest level of nearly a week after the USD recovered. Previously, gold prices had benefited as Fed expectations were somewhat less hawkish, but uncertainty over the possibility of rate hikes made gold vulnerable.
Gold price today July 21, 7 increased rapidly, approaching the peak of 2023 weeks. In the market, a strong weakening of the dollar and cooling of inflation supported gold prices. There are many speculations that the Fed may soon stop the interest rate hike cycle and the world gold price may rise to $9/ounce.
Gold prices today, July 19, 7, gained momentum as the dollar neared the bottom - the lowest level in more than a year. Gold prices, although stuck at $2023 an ounce, could still end the year at $1.950, according to Commerzbank's latest research.
Gold price today 14/7/2023 has "straight forward" to the highest level in nearly a month, thanks to the weakening dollar. The gold market is forecasted to witness a new price increase as the world prepares to witness a new type of gold standard.
Gold price today 12/7/2023 increased when receiving support from external factors, especially USD. However, it is also being impacted by disappointing inflation data, which could lead to the Fed re-evaluating policy in favor of tightening monetary policy and that reduces the attractiveness of gold.
Gold price today 7/7/2023 may retest the support level of 1.914 USD/ounce, with a high probability of falling to the zone of 1.903-1.909 USD/ounce, according to Reuters technical analyst Wang Tao. However, new tensions in US-China relations are a big unknown for the precious metals market.
Gold price today 5/7/2023, after testing the level of 1.900 USD/ounce, has managed to "save itself" from a more significant sell-off, should the price fall below this psychologically important level. Gold price can break out this week?
Gold price today 3/7 started a new week with pessimistic sentiment prevailed. In the market, facing challenging headwinds, even sophisticated bulls are talking about the possibility of gold falling.
Gold price today 3/7 started a new week with pessimistic sentiment prevailed. In the market, facing challenging headwinds, even sophisticated bulls are talking about the possibility of gold falling.
Gold prices today dropped from around $1/ounce to below $7/ounce, as a series of data this week paints a picture of a strong US economy and bets on a major tightening more books. The sharp drop in gold prices has stimulated the buying activity of investors?
Gold price today 30/6/2023 hit the lowest level in more than three months, recording the third consecutive decline, as major central banks affirmed to pursue a "hawkish" stance on monetary policy. in order to cool down the upward pressure on prices. What do experts think about the gold price trend during this period?
Gold prices today June 23, 6 are caught in a downward spiral of the market, both from a demand perspective and also because it makes the competing asset class government bonds more attractive when bond yields are rising. Why do analysts think the market is seeing a healthy correction in a solid long-term uptrend?
Gold price today 23/6/2023 fell into a downward spiral of the market, both from a demand perspective and also because it makes the competing asset class government bonds more attractive when yields are high. increase. But the great demand of central banks is said to be almost impossible to meet. The difference with the domestic gold price increased to 12 million dong/tael.
Gold prices fell on June 21, 6 as investors remained cautious ahead of the hearing this week of Fed Chairman Jerome Powell. However, yesterday's more cautious sentiment may help bring some of the capital inflows looking for "safe-haven" to gold, but gold's upside momentum is said to be limited.
Gold price today June 19 may find it difficult to surpass the $6/ounce mark as the market sees a very faint optimism. Investors expressed frustration with non-yielding assets like gold, after the "sudden" moves of Fed officials.