Gold Price Today 26/11: Stretching The Decline, Usd Anchor At A High Level

Gold price today 26/11 continues to decline due to the market worries that the US Federal Reserve (FED) accelerates to withdraw irritation or raise interest rates 9: 00/2: 18 nam6h 6/11 (now Vietnam), the world gold price trading on Kitco is at 1,790 USD / ounce, an increase of 2 USD / ounce compared to the beginning of the morning. However, including the whole session, the gold price tends to decrease. Gold price decreases due to concerns that the Fed accelerates withdraws or raising interest rates. Also with this reason, the beginning of the week, the gold price was 1,800 USD, after Fed Jerome Powell Chairman was rejoarated for the second term, making a row of monetary policy rumors to be tightened faster, Towing USD to high, putting pressure on gold. Gold price today continued to decline

. The price of gold was also constantly plunging in the context of massively taking investors. In the speech when re-nominated for the position of Fed Chairman, Powell said that the Fed will focus on preventing inflation. This makes the investors believe that FED will accelerate the process of reducing economic support, causing the gaining momentum of precious metals inhibited and the price of gold anchored under 1,800 USD / ounce
In the international market Smoking cash flow and standing at a high level when the market bet on the ability to Early Tighten monetary policy. Today's trading session on the US market, US Dollar Index (DXY), measuring silver co-silver change Green with 6 key currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 96.72 points. The price of gold in the country ended the trading session on November 25, gold price was gemstone gold Doji listed at 59.35 million dong / tael (buying) and 60.15 million dong / tael (sold). Gold price at SJC listed at 59.45 million dong / tael (buying) and 60 , 17 million dong / tael (sold out). Gold price quotes that gold market are not much fluctuating by the US market Thanksgiving holidays. However, precious metal products will still face difficulties when the Fed will continue to tighten currency
According to technical analysis signals, gold can fall sharply and about 1,700 USD / ounce. Strong support thresholds are 1,769 USD / ounce and 1,750 USD / ounce. On Kitco, Commerzbank said that the factor affects the gold price of the main dollar. Accordingly, this is the first time since the mid-last year the EUR / USD exchange rate below 1.12 times.

. Dịch vụ: Thiết kế website, quảng cáo google, đăng ký website bộ công thương uy tín

Related news