Gold continues to reach new record highs in history
World gold price stood at 2,300 USD/ounce, a sharp increase of 18 USD/ounce compared to the same hour yesterday morning. Gold prices continue to reach new record highs in history, with no end in sight.
Since the beginning of April until now, gold prices have continuously increased, breaking previously established peaks. The prospect of interest rate cuts, geopolitical instability and the large purchasing power of central banks have helped the price of this precious metal increase by 11% from the beginning of the year until now.
Gold prices continued their run of galloping gains after US Federal Reserve Chairman Jerome Powell reiterated that recent data showing a solid job market combined with "persistent" inflation will not significantly change the overall picture of economic policy this year.
Mr. Powell said that if the economy in general develops as the Fed expects, reducing interest rates at some point this year would be appropriate. Investors are still betting on the first interest rate cut in June.
Since the beginning of April until now, gold prices have continuously increased, breaking previously established peaks. The prospect of interest rate cuts, geopolitical instability and the large purchasing power of central banks have helped the price of this precious metal increase by 11% from the beginning of the year until now.
Gold prices continued their run of galloping gains after US Federal Reserve Chairman Jerome Powell reiterated that recent data showing a solid job market combined with "persistent" inflation will not significantly change the overall picture of economic policy this year.
Mr. Powell said that if the economy in general develops as the Fed expects, reducing interest rates at some point this year would be appropriate. Investors are still betting on the first interest rate cut in June.
Trade closed: target reached:
Plan BUY Hit Full TP2 + 130 pips🤕🤕🤕. Congratulations everyone
Comment:
🔴Fed Minutes Preview: Discussions over rate outlook on focus as markets pare back chances of rapid cuts
The Federal Reserve (Fed) will release the minutes of the March policy meeting on Wednesday. Investors will pay close attention to comments regarding the inflation outlook and the possible timing of a policy pivot.
The Federal Reserve (Fed) will release the minutes of the March policy meeting on Wednesday. Investors will pay close attention to comments regarding the inflation outlook and the possible timing of a policy pivot.
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↠↠ Stoploss 2325
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BUY XAUUSD PRICE 2279 - 2281⚡️
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