Gold price falls, what to pay attention to?

Hello dear friends! It's great to see you all again for our chat today! Currently, the price of gold this morning is showing a slight decrease. Specifically, gold has declined by $12.1 to $1925.9 per ounce compared to the same time yesterday.

The main reason for the decline in gold may be attributed to the pressure it is facing due to the surge in the US dollar. Currently, the market is still waiting for statements from Fed officials to determine a strong direction for gold in the near future.

Wishing you all an energetic day filled with great victories.

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How do you feel about the gold price today?

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If coming here on September 13, the US announces that the August inflation index falls at or below the forecast of 3.2%, gold will continue to be under pressure.

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With the recent recovery in the USD and with stocks bottoming out in the short term, gold could fall before rebounding.

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The USD is forecast to not only decline in 2024 onwards due to a decline in interest rates, but also due to the greenback's position in the international market gradually decreasing.

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The next target for gold will be at $1915 and there is a high possibility that it may return to the $1900 mark before experiencing a new breakthrough in either direction.

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The US Federal Reserve (Fed) is unlikely to maintain its positive monetary policy stance until the end of the year.