Gold prices fluctuated sharply when some US Federal Reserve (FED) policymakers recommended that the organization wait a few more months to ensure inflation really cools down, before starting to cut. interest rate.
Reacting to this information, the USD increased in price compared to the Euro and many other currencies. Gold price today is in a disadvantageous position.
Under pressure from the USD, speculators may worry that holding gold will reduce profitability. So in last night's trading session, when gold was trading in the region of 2,400 USD/ounce, they massively sold out.
Reacting to this information, the USD increased in price compared to the Euro and many other currencies. Gold price today is in a disadvantageous position.
Under pressure from the USD, speculators may worry that holding gold will reduce profitability. So in last night's trading session, when gold was trading in the region of 2,400 USD/ounce, they massively sold out.
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