World gold continuously sets new peaks

The world gold spot price is around the threshold above 2,282 USD/ounce, an increase of more than 27 USD/ounce compared to the transaction at the same time yesterday morning.

The world gold spot price in the US market stood at 2,282 USD/ounce, a sharp increase of 29 USD/ounce, compared to the previous session's close. During the session, there was a time when the gold price nearly reached 2,290 USD/ounce, continuously setting new highest peaks in history.

Despite positive economic data, the USD in international markets still dropped sharply. Specifically, the Dollar-Index - measuring the strength of the greenback compared to 6 major currencies, dropped sharply by 0.17% to 104,425 points. The sharp decline in the USD has positively supported gold's price increase. Because the cost of trading and depositing gold in investing has decreased, investors are pouring money into precious metals.

Comment:

According to economists, the US is forecast to add 200,000 jobs in March, lower than February's 275,000. The unemployment rate is expected to remain unchanged at 3.9%.
Job growth in February and March still shows that the labor market remains strong. The stable unemployment rate also shows that it is unlikely that the Fed will cut interest rates sooner than currently forecast.

Comment:

Comment:

SELL XAUUSD PRICE 2321 - 2319⚡️
↠↠ Stoploss 2325

→Take Profit 1 2314
↨
→Take Profit 2 2309

BUY XAUUSD PRICE 2279 - 2281⚡️
↠↠ Stoploss 2275

→Take Profit 1 2286
↨
→Take Profit 2 2291

Trade closed: target reached:

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