Gold price today: Trading is quiet
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Hello everyone, nice to meet you again in today's talk about gold prices.
Currently, gold price is fluctuating around 2050 USD and down nearly 8 USD compared to yesterday's transaction. In general, the first day of the gold week did not have much change in trend because the US market was closed during the Martin Luther Day holiday.
However, escalating geopolitical tensions in the Red Sea and a risk-on environment still benefit safe-haven assets such as gold.
December retail sales next Thursday and a preliminary estimate of the January Michigan Consumer Sentiment Index on Friday. The focus will remain on inflation, as Canada, the UK, Germany and the Eurozone will post updates, which will directly impact gold prices whether they have breakouts to the upside or downside. new.
Currently, gold price is fluctuating around 2050 USD and down nearly 8 USD compared to yesterday's transaction. In general, the first day of the gold week did not have much change in trend because the US market was closed during the Martin Luther Day holiday.
However, escalating geopolitical tensions in the Red Sea and a risk-on environment still benefit safe-haven assets such as gold.
December retail sales next Thursday and a preliminary estimate of the January Michigan Consumer Sentiment Index on Friday. The focus will remain on inflation, as Canada, the UK, Germany and the Eurozone will post updates, which will directly impact gold prices whether they have breakouts to the upside or downside. new.
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