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Gold rises to the highest since August 10

Gold has started the new week on a strong note as the FX market largely remains range-bound in part due to a UK holiday. It's up $7 to $1921 after touching $1925, which was the highest in more than two weeks.The gold market is responding to bonds. Yields are down slightly today and an extended downtrend would mark a bottom for gold, particularly if the US dollar rolls over. The risk is that inflation remains stubborn and the dollar stays strong.Seasonally, there's a case for buying gold later i... Read More

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Gold

Rises

Highest

Since

August

Forex

Posted: Aug 28 2023, 16:40

Author Name: forexlive

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