The current price of gold has surpassed the $1900 mark, indicating a slight recovery. However, many investors are anticipating that Mr. Powell will provide some insights into the monetary policy direction of the US Federal Reserve later this week, which could potentially benefit gold.
Analysts suggest that only when there is some indication that the Fed will cut interest rates can gold break out and surpass its current level.
Analysts suggest that only when there is some indication that the Fed will cut interest rates can gold break out and surpass its current level.
Comment:
What do you think about the gold price today?
