Hello everyone, let's delve into today's gold prices!
After hitting a low of $2,282 yesterday, gold has somewhat regained momentum, surpassing the $2,300 mark and currently fluctuating around the EMA 34 and 89 lines, with a price around $2,318 in the early hours of Thursday.
Gold is still undergoing a correction phase, especially after the Federal Reserve decided to maintain interest rates between 5.25% and 5.5%. In the short term, gold may continue to face downward risks due to profit-taking pressure and an increase in short-selling activities.
However, looking at the long term, several factors favor gold. Amid global economic uncertainties, geopolitical tensions, and the unpredictability surrounding elections, as long as these issues persist and economic policies continue to introduce instability, gold will remain a foundation for stability.
After hitting a low of $2,282 yesterday, gold has somewhat regained momentum, surpassing the $2,300 mark and currently fluctuating around the EMA 34 and 89 lines, with a price around $2,318 in the early hours of Thursday.
Gold is still undergoing a correction phase, especially after the Federal Reserve decided to maintain interest rates between 5.25% and 5.5%. In the short term, gold may continue to face downward risks due to profit-taking pressure and an increase in short-selling activities.
However, looking at the long term, several factors favor gold. Amid global economic uncertainties, geopolitical tensions, and the unpredictability surrounding elections, as long as these issues persist and economic policies continue to introduce instability, gold will remain a foundation for stability.
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