Gold's short-term acceleration in price suddenly rose! The price of gold just reached $2593. FXStreet Chief Analyst's technical analysis of gold.
In the Asian market on Friday, gold spot prices suddenly accelerated and reached $2593 per ounce. Valeria Bednarik, Chief Analyst at FXStreet, pointed out that gold prices are rebounding, aiming to expand the increase above $2600 per ounce.
Gold prices are crazy! The state-owned major banks have urgently announced the adjustment of the rules for accumulating gold rsp.
Analyst: The upward trend in gold prices remains unchanged.
Major news breaks during Middle East ceasefire negotiations! Gold price soars over $27. How to trade gold next?
#Middle East situation##Gold technical analysis#2K99 News On Thursday (September 19), spot gold soared more than 1%, once approaching $2595 per ounce.
The day after the Fed cut interest rates, gold hit another historic high! Ubs group predicts that the price of gold will reach $2700 by the middle of next year.
The day before, the Federal Reserve initiated a monetary easing cycle, cutting interest rates by 50 basis points. This move is seen as bullish for gold, as lower borrowing costs are favorable for gold, which does not pay any interest.
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