Gold prices have finally halted their downward spiral, driven by the weakening US dollar. The greenback continues to suffer losses following weaker-than-expected US employment data. The higher yields on US Treasury bonds have outperformed non-interest-bearing assets like gold.
Gold prices put an end to their losing streak on September 25th, trading around $1,830 per troy ounce at the opening of the Asian trading session on Thursday. However, gold might face challenges due to market caution regarding the interest rate trajectory of the US Federal Reserve.
Market sentiment leans towards a lower year-end forecast for spot gold prices due to persistently high expectations of a prolonged period of higher interest rates from the Federal Reserve.
The US Dollar Index (DXY) has rebounded from its 11-month high after weak US employment data on Wednesday, potentially tempering the interest rates of the US Treasury. The DXY was trading slightly lower around 106.60 at the time of writing.
Psychology, discipline, and capital management stand as the three factors constituting a winning strategy.
In conclusion, while gold prices have shown signs of recovery amid oversold conditions, market caution regarding the Federal Reserve's interest rate policies continues to pose challenges. Investors are advised to keep a close eye on evolving economic indicators and the central bank's signals to make informed decisions in the ever-changing financial landscape.
Gold prices put an end to their losing streak on September 25th, trading around $1,830 per troy ounce at the opening of the Asian trading session on Thursday. However, gold might face challenges due to market caution regarding the interest rate trajectory of the US Federal Reserve.
Market sentiment leans towards a lower year-end forecast for spot gold prices due to persistently high expectations of a prolonged period of higher interest rates from the Federal Reserve.
The US Dollar Index (DXY) has rebounded from its 11-month high after weak US employment data on Wednesday, potentially tempering the interest rates of the US Treasury. The DXY was trading slightly lower around 106.60 at the time of writing.
Psychology, discipline, and capital management stand as the three factors constituting a winning strategy.
In conclusion, while gold prices have shown signs of recovery amid oversold conditions, market caution regarding the Federal Reserve's interest rate policies continues to pose challenges. Investors are advised to keep a close eye on evolving economic indicators and the central bank's signals to make informed decisions in the ever-changing financial landscape.
Komentarz:
The market is following analysis in the right direction
Komentarz:
The market is showing signs of improvement .
