Gold price trend this week
The gold market will still be very sensitive to the Federal Reserve's (Fed) interest rate outlook, so it's too early to predict a rally in gold after prices rallied more than $30 for the week.
The world gold price dropped in the context of the USD gradually recovering. US Dollar Index measures the volatility of the greenback with 6 major currencies at 99,635 points (up 0.18%).
Gold can still be negatively affected by the monetary policy of the US Federal Reserve (Fed) if they keep their "hawkish" stance on interest rates. Both CPI and PPI last week cooled down.
The world gold price dropped in the context of the USD gradually recovering. US Dollar Index measures the volatility of the greenback with 6 major currencies at 99,635 points (up 0.18%).
Gold can still be negatively affected by the monetary policy of the US Federal Reserve (Fed) if they keep their "hawkish" stance on interest rates. Both CPI and PPI last week cooled down.
