Gold futures for August delivery in August 2023 on the Comex New York exchange fell $24.4, or 1.24%, to $1,945.7 per ounce.
Gold's sharp gains were erased after upbeat US economic data set in, the precious metal turned sharply lower and hit a two-week low in mid-year US trading. .
U.S. economic data on the morning of the second year was straight into the hawks on monetary policy, suggesting that at least one more rate hike may be needed to further cool the U.S. economy and prevent both problematic release values.
The above data boosted the US dollar index and brought US Treasury yields up, both of which are daily bearish factors for the precious metals market.
XAUUSD SELL 1960 - 1962🕯🕯
✅ TP1: 1955
✅ TP2: 1948
✅ TP3: 1942
❌ SL: 1970
Gold's sharp gains were erased after upbeat US economic data set in, the precious metal turned sharply lower and hit a two-week low in mid-year US trading. .
U.S. economic data on the morning of the second year was straight into the hawks on monetary policy, suggesting that at least one more rate hike may be needed to further cool the U.S. economy and prevent both problematic release values.
The above data boosted the US dollar index and brought US Treasury yields up, both of which are daily bearish factors for the precious metals market.
XAUUSD SELL 1960 - 1962🕯🕯
✅ TP1: 1955
✅ TP2: 1948
✅ TP3: 1942
❌ SL: 1970
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Hit TP1 + 50 Pips ✅ ✅ ✅
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+ 30 Pips ✅ ✅ ✅ Again
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Gold price today (June 28): All fell
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Experts forecast gold has a risk of falling to $ 1,900 / ounce in the short term as the US Federal Reserve (Fed) and European Central Bank (ECB) continue to commit to additional interest rate hikes. rate in re-compatibility The goal of achieving the goal of price stability.
