XAUUSD
The price of gold is strengthening after reaching a low point over several months, now reaching a high point in two weeks.
The metal is receiving support from geopolitical tensions, decreasing bond yields, and a weaker US dollar.
The upcoming US CPI report may provide new information about the Federal Reserve's plans for interest rate hikes and potentially give further momentum to the gold market.
The metal is receiving support from geopolitical tensions, decreasing bond yields, and a weaker US dollar.
The upcoming US CPI report may provide new information about the Federal Reserve's plans for interest rate hikes and potentially give further momentum to the gold market.
With this latest upward movement, the price of gold has now regained more than 30% of the losses it experienced in September. Interestingly, this positive trend seems to be unaffected by the generally positive sentiment in the stock markets.