XAU- recovered thanks to USD cooling down
Today, gold continues to increase mainly thanks to the decline in the value of the US dollar. The DXY index fell from over 105 points to 104.5 points.
It is likely that the Federal Reserve will keep interest rates steady in the 5.25% - 5.5% range at its upcoming meeting. This partly strengthens gold prices and creates an opportunity for gold to return to 1950 USD.
It is likely that the Federal Reserve will keep interest rates steady in the 5.25% - 5.5% range at its upcoming meeting. This partly strengthens gold prices and creates an opportunity for gold to return to 1950 USD.
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good luck traders.
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