GOLD: Upward Momentum Again!
Hello everyone! Today i want to share some macro analysis with you!
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$Gold - main 2502(GCmain)$ Thursday (January 16) Asian market, spot gold narrow range shock, currently trading near 2596 U.S. dollars / ounce.
Gold prices extended gains on Wednesday, closing at $ 2696.61 / ounce, the United States core inflation data weaker than expected, weakening inflationary pressures, rekindling hopes that the Fed's easing cycle may not yet be over, U.S. bond yields fell sharply from nearly 14-month highs, the U.S. dollar weakened, to provide upward momentum to the price of gold. $XAU/USD(XAUUSD.FOREX)$
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