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The gold market is at its peak! “Little Farmers” and the Federal Reserve's Minutes Drive to FXStreet Senior Analyst Gold Price Trading Analysis
In early European trading on Wednesday, spot gold maintained a moderate intraday rebound trend. Currently, the price of gold is 2,652 US dollars/ounce. FXStreet senior analyst DHWani Mehta wrote that in early Wednesday trading, the gold price rebounded before consolidating around $2,650 per ounce, awaiting the release of the US ADP employment report and the minutes of the Federal Reserve's December meeting to prepare for the next round of increases.
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Gold's technical aspects have issued an important Call signal! The price of Gold has opened up further room for a significant increase. Analysis of Gold Trade by a well-known institution.
On Wednesday (January 8), in the late Asian market, the spot Gold maintains an intraday rebound trend, with the gold price currently around 2652 dollars per ounce.
Europe Natural Resources Fund: The performance of Gold will surpass that of the US stock market in 2024. Next year's trend will depend on whether Emerging Markets demand can be sustained.
Li Gangfeng stated that the price of gold in US dollars rose by 25.5% in 2024, setting a new historical high 40 times (with the highest seen at 2,790 dollars), achieving the best annual performance in the past 14 years, while last year's returns also outperformed the US stock market.
Gold Trade Reminder: These two major events are sure to ignite the market! FXStreet's chief Analyst analyzes the technical outlook for Gold.
#Gold Technical Analysis# 24K99 News On Wednesday (January 8) during the Asian market, spot Gold remained basically stable, with the price currently around $2648 per ounce. FXStreet's chief Analyst Valeria Bednarik wrote an article analyzing the technical outlook for Gold.