Gold Prices Hold Near Two-Week Highs Amid Dollar and Treasury,..

Gold prices remained close to their highest point in two weeks on Thursday, driven by a decline in the U.S. dollar and Treasury yields. Investors were in a state of anticipation, eager to decipher the interest rate signals that the U.S. Federal Reserve might reveal during its annual Jackson Hole meeting.

Key Points:

- Spot gold was up 0.2% at $1,917.50 per ounce as of 0124 GMT, approaching its peak since August 11, which it reached on Wednesday.
- U.S. gold futures held steady at $1,945.80.

XAUUSD BUY LIMIT 1914-1916🕯

✅ TP1: 1920
✅ TP2: 1930

⚠️ SL: 1909

Comment:

Gold climbed to approximately $1,920 per ounce on Thursday, extending its rebound from a five-month low. This increase was driven by business activity data in major economies that came in weaker than anticipated, instilling optimism that policymakers might reconsider their plans to raise interest rates in order to prevent an economic recession.

Comment:

The most recent data indicated that business activity in the United States was on the verge of stagnation in August, while in the Eurozone and Britain, it continued to contract.

Investors are currently anticipating the annual symposium of central bankers in Jackson Hole, Wyoming, where policymakers may delineate their perspective on monetary matters.