USD down, gold up.
Diupdate
Gold prices in the global market today, August 29, experienced slight fluctuations and traded around $1924.9 per ounce, up by $4.43 per ounce compared to this morning due to the weakening of the USD.
The latest weekly gold survey conducted by Kitco News indicates that most retail investors expect gold prices to increase by the end of the week on September 1.
Meanwhile, investors remain cautious as they approach the final weekend of August. Looking at the long-term trend of gold, it could experience a significant price rise as the US economy enters a period of very low growth combined with rapid speed.
The latest weekly gold survey conducted by Kitco News indicates that most retail investors expect gold prices to increase by the end of the week on September 1.
Meanwhile, investors remain cautious as they approach the final weekend of August. Looking at the long-term trend of gold, it could experience a significant price rise as the US economy enters a period of very low growth combined with rapid speed.
Catatan
Gold still stands at 1,900 USD/ounce. This is a very important psychological support level. Demand usually increases again when gold closes to this level.
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