Domestic gold prices fell due to the impact of world gold prices. In the international market, after closing the week at a high level, today's gold price suddenly reversed and plummeted when opening the new trading week.
Gold prices fell contrary to the forecast of analysts and investors when they expected the precious metal to continue to increase this week.
This week, the market is waiting for a lot of economic information such as the meeting to announce Australia's interest rate decision; the US consumer price index (CPI) report for July; the US producer price index... The data of this information is expected to affect the gold price.
This morning, the USD index (DXY) in the international market recovered to 98.1 points, also creating pressure to reduce gold prices.
Gold prices fell contrary to the forecast of analysts and investors when they expected the precious metal to continue to increase this week.
This week, the market is waiting for a lot of economic information such as the meeting to announce Australia's interest rate decision; the US consumer price index (CPI) report for July; the US producer price index... The data of this information is expected to affect the gold price.
This morning, the USD index (DXY) in the international market recovered to 98.1 points, also creating pressure to reduce gold prices.
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Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/xauusdtradingfx
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
(don't copy, click on the links!)
🟢Telegram Channel: t.me/xauusdtradingfx
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.