Hello everyone, let's dive into today's gold prices!
On the last trading day of the week, gold prices remained stable between $2022 and $2025. Investors are awaiting new economic data from the U.S. to gauge future interest rate directions set by the Federal Reserve (Fed).
Currently, gold is experiencing a short-term deadlock, caught between interest rate expectations and the demand for a safe haven amid geopolitical tensions. The latest Fed policy meeting minutes revealed widespread concern among policymakers about the risks of cutting interest rates too soon, which has placed significant pressure on gold.
I anticipate gold prices might climb to the $2040 - $2042 range before undergoing a correction if it reaches the descending trend limit. What about you? What are your thoughts on today's gold prices and their future trajectory?
On the last trading day of the week, gold prices remained stable between $2022 and $2025. Investors are awaiting new economic data from the U.S. to gauge future interest rate directions set by the Federal Reserve (Fed).
Currently, gold is experiencing a short-term deadlock, caught between interest rate expectations and the demand for a safe haven amid geopolitical tensions. The latest Fed policy meeting minutes revealed widespread concern among policymakers about the risks of cutting interest rates too soon, which has placed significant pressure on gold.
I anticipate gold prices might climb to the $2040 - $2042 range before undergoing a correction if it reaches the descending trend limit. What about you? What are your thoughts on today's gold prices and their future trajectory?
