📉Dread📈Kong🚀
Description: The latest trends on where to get money online. Smart Money Management news information that will put income in your wallet today. #Freebies #Savings.
The world gold price is currently $1,932.7 per ounce, down by $7.8 compared to the previous session opening. This drop is due to the US Federal Reserve's plan to raise interest rates to control inflation. However, more evidence is required to support this decision. Additionally, improving employment data may lead the Fed to rethink their current high interest rates. These "hawkish" comments from the Fed have discouraged investors in the metals market. It is expected that the gold market will trade around $1
It’s worth noting that Friday’s downbeat prints of the US Nonfarm Payrolls (NFP) joined the mixed Fed signals to trigger the US Dollar’s retreat from a multi-day high, which in turn allowed the Gold Price to recover from a multi-day-old support line. However, the weekend comments from Fed Governor Michelle Bowman appear hawkish and join the looming geopolitical fears surrounding China to exert downside pressure on the XAU/USD. Apart from that, the Gold market’s consolidation ahead of festive demand from Ind
📉Dread📈Kong🚀