short term gold volatility forecast
A major US bank, believes that gold is currently a safe investment asset against inflation. They predict that by early 2025, the price of gold could increase to $2,700/ounce, equivalent to VND82 million/tael.
Central banks' gold purchases have tripled since mid-2022 due to concerns about US financial sanctions.
The upcoming interest rate cut by the US Federal Reserve (Fed) could bring capital from the West back to the gold market, supporting higher gold prices.
Geopolitical issues and US public debt also contributed to the increase in gold prices.
Central banks' gold purchases have tripled since mid-2022 due to concerns about US financial sanctions.
The upcoming interest rate cut by the US Federal Reserve (Fed) could bring capital from the West back to the gold market, supporting higher gold prices.
Geopolitical issues and US public debt also contributed to the increase in gold prices.
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SELL XAU 2520
TP1: 2515
TP2: 2507
SL: 2526
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Hit TP 2
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