Gold Cost Prediction – Gold Markets Continue to Raise the Bar
As we continue to observe a great deal of agitated and bullish behavior, gold markets have rallied rather significantly during the trading session on Wednesday.
As we continue to observe a great deal of agitated and bullish behavior, gold markets have rallied rather significantly during the trading session on Wednesday.
U.S. interest rates have risen, which has resulted in a decline in the value of gold during Monday’s trading session.
During the trading week, gold markets have skyrocketed and appear to be on the verge of a significant breakout.
During Tuesday’s trading session, gold markets originally rose but have since retraced their gains as it appears we have finally encountered strong resistance.
Gold continues to hover around the 200-day exponential moving average, attempting to discern if the trend will change.
As the US dollar loses some ground before the session’s end, gold holds steady. Following the Fed, US rates are under pressure, and gold bulls are once again active.