XAU slightly down today
BOCI head of commodities Amelia Xiao Fu said that gold still has some weakness, mainly due to the strength of the US dollar, but the macro environment for gold is relatively positive.
Investors expect central banks to cut interest rates, which will limit the possibility of gold falling, if not push gold prices to new record highs. He expects gold prices to reach $2,500 in the short term, said Forex.com market analyst Fawad Razaqzada.
Investors expect central banks to cut interest rates, which will limit the possibility of gold falling, if not push gold prices to new record highs. He expects gold prices to reach $2,500 in the short term, said Forex.com market analyst Fawad Razaqzada.
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SELL XAU 2395
TP1: 2388
TP2: 2380
SL: 2402
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