July 30, 2022 – 14:21
The President of the Gold Trade Association expects the gold week to rise after the US economy is negative for two consecutive quarters, framed at $1745-1775/ounce.
Mr. Jitti Tangsitpakdee President of the Gold Trade Association Reveal the news agency I.N.N. that next week the gold price is expected to continue to move up Even the US Federal Reserve or the Fed raised interest rates This is the first round of interest rate hikes, but gold prices have risen. Due to the announcement of the US economic data in the second quarter of negative 0.9 percent, which is the second consecutive quarter of negative, investors are not confident about the recovery of the US economy. therefore turned to invest in gold instead, causing the gold price to rebound
The gold price is expected next week. Should be in the range of 1745-1,775 US dollars per ounce. And there is a chance to increase further if the gold price exceeds the resistance above.
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