The price of gold continues to rise and trade steadily around the price range of $1945 per ounce.
The weaker-than-expected economic data from the United States remains the main driving force behind the increase in gold, helping this precious metal establish its highest price level in 3 weeks.
In addition to the weaker economic data, the price of gold has received confirmation of an increase from technical indicators and may also receive further momentum from US-China tensions.
The weaker-than-expected economic data from the United States remains the main driving force behind the increase in gold, helping this precious metal establish its highest price level in 3 weeks.
In addition to the weaker economic data, the price of gold has received confirmation of an increase from technical indicators and may also receive further momentum from US-China tensions.
Comment:
The Fed has said it will need to consider a slowdown in the labor market as a condition for ending the current tightening cycle.
