2024-01-02 15:43:08
Today’s gold price (January 2) still maintains its movement in an upward direction, although most investors choose to give weight to It is expected that the Federal Reserve (Fed) will begin cutting interest rates for the first time at its March meeting. and will reduce by approximately 1.50% by 2024, which is an important factor that keeps pressure on the dollar and US bond yields. Movements at a low level, however, investors are cautious in responding further to such forecasts. In addition, he predicted the direction of the Fed’s interest rates. This is considered to be more severe than the Fed’s forecast. As a result, investors Some of them are for more opportunity against the uncertainty of such forecast trends. This situation Help support The dollar and US bond yields could rally today. The further increase in the price of gold therefore It may happen to a limited extent. However, investors are waiting to follow the release of US economic data. Especially on the labor market side, including minutes from the latest Fed Monetary Policy Committee (FOMC) meeting that will gradually come out this week. To find a clearer signal confirming the Fed’s interest rate direction.
Advice
• Consider the name if the price drops beyond the support area of 2,052 dollars per ounce.
• Sell to make a profit. When the price approaches the resistance zone of 2,089-2,093 dollars per ounce.
• Stop loss status If the price breaks the support level of 2,052 dollars per ounce.
This article was produced by YLG Bullion International.
For more information, contact 02-687-9888 press 1 or website ylgbullion.co.th
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