Gold continues its strong upward move
Gold recorded its highest levels in 9 weeks, rising by nearly 0.8% to 4,376.56$ per ounce, supported by strong buying momentum and investors’ concerns about missing out on the rally.
📈 Weak U.S. employment data, along with purchases by the Chinese central bank, boosted demand for the yellow metal.
Now attention turns to U.S. inflation data on Wednesday and producer prices on Thursday, looking for new signals about the interest-rate path.
Gold regains its shine… Will we see the start of a new uptrend wave?
#GOLD #XAU #market
Gold recorded its highest levels in 9 weeks, rising by nearly 0.8% to 4,376.56$ per ounce, supported by strong buying momentum and investors’ concerns about missing out on the rally.
📈 Weak U.S. employment data, along with purchases by the Chinese central bank, boosted demand for the yellow metal.
Now attention turns to U.S. inflation data on Wednesday and producer prices on Thursday, looking for new signals about the interest-rate path.
Gold regains its shine… Will we see the start of a new uptrend wave?
#GOLD #XAU #market