Gold price waiting for the opportunity to increase
The price of gold experienced a slight decrease today, trading around the 1914 USD/ounce mark with minimal changes in value.
Gold prices declined during Friday's trading session, ending a four-day streak of gains following suggestions from the Chairman of the Federal Reserve that interest rates may be raised further.
The strengthening of the US dollar and higher yields on 10-year Treasury bonds have reduced the attractiveness of gold during this period.
However, "If Lagarde can push up the euro, you may see a weakening US dollar, which could drive up demand for gold."
Gold prices declined during Friday's trading session, ending a four-day streak of gains following suggestions from the Chairman of the Federal Reserve that interest rates may be raised further.
The strengthening of the US dollar and higher yields on 10-year Treasury bonds have reduced the attractiveness of gold during this period.
However, "If Lagarde can push up the euro, you may see a weakening US dollar, which could drive up demand for gold."
Comment:
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