old prices rose and are set to achieve weekly and monthly gains, driven by increased demand.
REUTERS
Additionally, Citibank's research unit has raised its three-month gold price forecast to $2,800 per ounce, citing potential further deterioration in the U.S. labor market and possible interest rate cuts by the Federal Reserve, which could boost demand for gold.
INVESTOPEDIA
Based on this information, the current trend for gold prices appears to be upward.
REUTERS
Additionally, Citibank's research unit has raised its three-month gold price forecast to $2,800 per ounce, citing potential further deterioration in the U.S. labor market and possible interest rate cuts by the Federal Reserve, which could boost demand for gold.
INVESTOPEDIA
Based on this information, the current trend for gold prices appears to be upward.
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