Gold price is gradually recovering and increasing strongly?

Gold has slightly extended its gains and continues its successful upward trend on the third day. GOLD fluctuates around $1,900 per ounce in Asian trading on Wednesday, showing signs of recovery after four consecutive weeks of losses despite the stronger US dollar.

However, a stronger rebound is unlikely at this time. The Relative Strength Index (RSI) indicator remains near oversold levels, indicating a relatively low buying interest.

הערה:

“Despite market volatility, especially higher real yields, gold is showing signs of stabilizing with recent gains supported by a weakening dollar on speculation China will continue to grow. continue to take many measures to restore the economy that is in recession.”

הערה:

What do you think about the gold price today?

הערה:

The world gold price gained modestly after a series of quiet days thanks to the weakening of the USD. Early this morning, the US Dollar Index, which measures the volatility of the greenback, fell 0.19%, increasing the attractiveness of gold to buyers holding other currencies.