Gold Prices Climbed

Gold Prices Climbed

Gold Prices Climbed

GOLD – XAUUSD 

Gold climbed above $1,900 an ounce on Friday amid concerns over US economic growth, but was on track to end the month lower as bets for aggressive interest rate hikes by the Federal Reserve dampened bullion’s appeal. The first resistance will be $1912 on a further rise and first support will be $1875 on a decline.

Gold climbed above $1,900 an ounce on Friday amid concerns over US economic growth, but was on track to end the month lower as bets for aggressive interest rate hikes by the Federal Reserve dampened bullion’s appeal. Analysts suggested that disappointing US GDP numbers could take some pressure off the Fed to tighten as aggressively as it has hinted, a view that provided recent support to gold prices and knocked the dollar back just a bit. 

Previous News

Weekly Summary
29 April 2022 13:53

Weekly Summary

Next News

gold-prices-climbed-1
29 April 2022 07:45

gold-prices-climbed-1