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World gold prices rebounded strongly as tensions escalated

Gold prices increased due to bottom-fishing demand skyrocketing in the context of increasing Russia-Ukraine tensions. President-elect Donald Trump is unlikely to end the Ukraine conflict soon after coming to power on January 20.

Currently, investors' attention is also focused on some officials of the US Federal Reserve (FED), who are expected to give speeches this week. Market expectations for a December rate cut have dropped significantly, with odds now at 55.7%, down from 82.5% just a week ago.

Ms. Lisa Cook - member of the FED Board of Governors said that the country's inflation continues to decline, with wages and the job market "cooling down", rising prices mainly in the housing sector. With this trend, the FED's continued interest rate cuts are considered still appropriate. However, she did not confirm the possibility that the FED will cut interest rates at its next meeting in December.

Goldman Sachs - one of the world's leading investment banks, has just raised its gold price forecast to 2,900 USD/ounce, about 89.2 million VND/tael in early 2025, an increase of 200 USD compared to the previous forecast. there.

🔥 XAUUSD SELL 2698 - 2700🔥

💵 TP1: 2685
💵 TP2: 2675
💵 TP3: OPEN

🚫 SL: 2708

🔥 XAUUSD BUY 2673 - 2675🔥

💵 TP1: 2685
💵 TP2: 2695
💵 TP3: OPEN

🚫 SL: 2668