Gold continues to hold promise for long-term growth, especially considering that the top economy cannot sustain its current tightening measures indefinitely.
Additionally, gold remains steady at a critical psychological support level of 1,935 USD/ounce. Historically, demand tends to rise when gold approaches this level. There is also speculation that the price of gold could potentially reach 1,955 USD/ounce in the near future.
Additionally, gold remains steady at a critical psychological support level of 1,935 USD/ounce. Historically, demand tends to rise when gold approaches this level. There is also speculation that the price of gold could potentially reach 1,955 USD/ounce in the near future.
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The gold market continues to have a strong uptrend and has touched the level of 1947 USD/ounce.
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The closely watched personal consumption expenditures (PCE) price index in the second quarter rose 2.5% from the first estimate of a 2.6% increase.
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Stopping interest rates will help the USD sink further, this is an opportunity for investors to buy gold.
