Gold Prices Dip as Dollar Holds Steady, Investors Await Fed ,...
**Key Highlights:**
- Spot gold retreated from its one-month peak reached on Friday.
- Investors are closely monitoring speeches by Federal Reserve officials for potential interest rate signals.
- NAB anticipates gold prices to trend upwards, targeting an average of $1,968 per ounce in the fourth quarter of 2023.
Gold prices saw a slight decline on Tuesday as the U.S. dollar remained resilient, even though trading activity was subdued. Investors were eagerly seeking further indications regarding the U.S. Federal Reserve's policy trajectory, particularly in light of the widely anticipated interest rate pause expected later this month.
Spot gold, denoted as GOLD, slipped 0.1% to reach $1,936.19 per ounce by 0740 GMT. Meanwhile, U.S. gold futures, also referred to as GOLD, dipped 0.3% to $1,961.80, following a U.S. holiday on Monday.
XAUUSD
BUY 1933 - 1931 🔼🔼
✅TP1: 1937
✅TP2: 1942
🚫SL: 1928
- Spot gold retreated from its one-month peak reached on Friday.
- Investors are closely monitoring speeches by Federal Reserve officials for potential interest rate signals.
- NAB anticipates gold prices to trend upwards, targeting an average of $1,968 per ounce in the fourth quarter of 2023.
Gold prices saw a slight decline on Tuesday as the U.S. dollar remained resilient, even though trading activity was subdued. Investors were eagerly seeking further indications regarding the U.S. Federal Reserve's policy trajectory, particularly in light of the widely anticipated interest rate pause expected later this month.
Spot gold, denoted as GOLD, slipped 0.1% to reach $1,936.19 per ounce by 0740 GMT. Meanwhile, U.S. gold futures, also referred to as GOLD, dipped 0.3% to $1,961.80, following a U.S. holiday on Monday.
XAUUSD
BUY 1933 - 1931 🔼🔼 ✅TP1: 1937
✅TP2: 1942
🚫SL: 1928
