GOLD - The USD hasn't stopped gaining momentum
Gold prices in the international market continued to weaken as investors feared risk after the US Federal Reserve (FED) expressed concern about using, to the possibility of raising interest rates.
US monetary policymakers believe that future interest rate decisions will depend on macroeconomic data.
It is possible that this information has ended the financial investment limit that increases with the need to put capital in USD. Accordingly, this currency has appreciated on a large scale, which is detrimental to the gold price.
Gold price today August 17: Gold is motionless, USD continues to be hot
Meanwhile, my bonds become attractive to investors when the interest payment of this profitable channel heats up. Many people have actively collected USD to buy bonds. This means that there is very little money flowing in the gold market. Today's world gold price plunge is inevitable.
US monetary policymakers believe that future interest rate decisions will depend on macroeconomic data.
It is possible that this information has ended the financial investment limit that increases with the need to put capital in USD. Accordingly, this currency has appreciated on a large scale, which is detrimental to the gold price.
Gold price today August 17: Gold is motionless, USD continues to be hot
Meanwhile, my bonds become attractive to investors when the interest payment of this profitable channel heats up. Many people have actively collected USD to buy bonds. This means that there is very little money flowing in the gold market. Today's world gold price plunge is inevitable.
