Investors' bottom-fishing mentality when XAU drops
XAU price increased again because investors had a bottom-fishing mentality after the price plummeted last weekend.
Gold prices are going against the general rules of the market when many forecasters receive bad news. The US consumer price index for May, which is about to be published, is likely to increase, making the delay in cutting interest rates by the US Federal Reserve (Fed) even longer.
Gold investors are turning their attention to the Fed's Federal Open Market Committee (FOMC) meeting scheduled for June 11-12 (US time), which will open up a more positive direction. for price XAU
XAU price increased again because investors had a bottom-fishing mentality after the price plummeted last weekend.
Gold prices are going against the general rules of the market when many forecasters receive bad news. The US consumer price index for May, which is about to be published, is likely to increase, making the delay in cutting interest rates by the US Federal Reserve (Fed) even longer.
Gold investors are turning their attention to the Fed's Federal Open Market Committee (FOMC) meeting scheduled for June 11-12 (US time), which will open up a more positive direction. for price XAU
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