Greetings dear readers! Gold has experienced a significant increase today, trading around the $1945 mark due to the depreciation of the US dollar. The long-term forecast indicates a decline in the strength of the US currency.
Furthermore, gold has also risen due to a decrease in US bond yields, reaching their lowest level in three weeks after data showed that job openings fell to their lowest point in nearly 2.5 years in July.
Today, we are observing two important levels:
- The 1937 range for potential buying opportunities.
- The 1953 range for potential selling opportunities.
Wishing you all good luck!
Furthermore, gold has also risen due to a decrease in US bond yields, reaching their lowest level in three weeks after data showed that job openings fell to their lowest point in nearly 2.5 years in July.
Today, we are observing two important levels:
- The 1937 range for potential buying opportunities.
- The 1953 range for potential selling opportunities.
Wishing you all good luck!
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According to CME's FedWatch tool, the market is betting on a 43% chance of the Fed raising interest rates at its November 2023 meeting.
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The precious metal will continue to establish itself as a global store of value, attracting a new generation of investors who have experienced unprecedented volatility.
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At the time of the survey, DXY measures greenback volatility with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) down another 0.11%, to 103.05.
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good luck everyone <3
