The price of gold today did not decrease as previously predicted, instead it continued to move sideways and traded around the $2180 mark in the early hours of Tuesday. The market remained quiet on Monday due to a lack of significant news, resulting in no significant changes in the price of gold.
Gold still shows a long-term upward trend, but at the moment, it is significantly influenced by news, especially information about the possibility of the Fed cutting interest rates in the middle of this year.
During the week, the market will closely follow reports on retail sales, weekly jobless claims, and manufacturing data from the US. The future path of gold is still uncertain, so stay cautious and closely monitor the information. RKarina will continue to provide updates to support you!
Gold still shows a long-term upward trend, but at the moment, it is significantly influenced by news, especially information about the possibility of the Fed cutting interest rates in the middle of this year.
During the week, the market will closely follow reports on retail sales, weekly jobless claims, and manufacturing data from the US. The future path of gold is still uncertain, so stay cautious and closely monitor the information. RKarina will continue to provide updates to support you!
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