Hello everyone! Yesterday, gold experienced a significant price increase, jumping from 2030 to 2056 USD, equivalent to nearly 26 USD. Currently, the price is adjusting and currently stands at 2040-2041 during the early trading hours of the Asian session, with prospects still favoring the buying side.
Despite the DXY index showing signs of development, gold continues to demonstrate its strong recovery potential in the context of the possibility of the US not lowering interest rates anytime soon.
So far, political tensions in the Middle East have not shown any signs of easing but rather continue to escalate. This is a factor that helps gold maintain its high and stable price above the $2,000/ounce threshold.
Despite the DXY index showing signs of development, gold continues to demonstrate its strong recovery potential in the context of the possibility of the US not lowering interest rates anytime soon.
So far, political tensions in the Middle East have not shown any signs of easing but rather continue to escalate. This is a factor that helps gold maintain its high and stable price above the $2,000/ounce threshold.
