Short term prediction of XAU
The Fed meeting gave all investors the early Christmas gift they've been waiting for. The Fed is expected to cut interest rates, and the dollar will weaken next year, pushing yields lower. This is truly the golden age of precious metals.
Going into 2024, the general environment for physical gold remains favorable and the commodity is expected to make good progress.
Spot gold prices hit new highs earlier this month, rising above $2,100/oz in the short term and recently to around $2,030/oz. Going forward, there will be plenty of opportunities for gold to move further into historic top territory.
Going into 2024, the general environment for physical gold remains favorable and the commodity is expected to make good progress.
Spot gold prices hit new highs earlier this month, rising above $2,100/oz in the short term and recently to around $2,030/oz. Going forward, there will be plenty of opportunities for gold to move further into historic top territory.
Kommentar:
The USD news data is good but gold is still affected by many other factors: funds, the war continued
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