How much the gold price has suddenly fallen..?
Gold prices have seen a slight dip in the international market today amid various factors. Especially in the international market, it is found at the level of 1716 dollars per ounce. In 2018, the gold price every month, in august saw a decline of around 3%, the 5th consecutive month of decline. This has also raised expectations that it may improve further. So what are the things to watch out for today? What are the key levels? What is the price situation? Let's see. Inflation rates are continuing to rise internationally at an all-time high. Central banks of various countries are making serious efforts to reduce this. In particular, the US Federal Reserve is expected to continue to increase interest rates. So this can be reflected in the value of the dollar which is the main factor determining the price of gold.
Hence, the value of the dollar may strengthen in the coming months. This could favor gold. The US Federal Reserve has hinted that interest rates could rise above 4% again. So it is amid such expectations that the price of gold is in a 1-month decline. And the interest rate is not limited to the upcoming meeting but may continue in the next year as well. Due to this further gold prices may remain under further pressure. Some experts have predicted that even if there is an increase, it will not be large.
Interest rates in european countries are likely to increase further. This may further prompt the european Central bank to raise interest rates. While the value of the dollar continues to support gold prices, on the other hand, inflation, global political tensions, and economic slowdown are also factors to watch out for.
Gold prices are currently trading at $1715.85 an ounce, down $12.35 an ounce in the international market. It started today slightly lower than the last session's closing price. It has also broken the lows of the previous session. The price of silver in the international market also decreased by 1.62% to 17,593 dollars. The silver price has started above the last session's price today. However, it broke the last session's low.
Gold prices have seen a slight dip in the international market today amid various factors. Especially in the international market, it is found at the level of 1716 dollars per ounce. In 2018, the gold price every month, in august saw a decline of around 3%, the 5th consecutive month of decline. This has also raised expectations that it may improve further. So what are the things to watch out for today? What are the key levels? What is the price situation? Let's see. Inflation rates are continuing to rise internationally at an all-time high. Central banks of various countries are making serious efforts to reduce this. In particular, the US Federal Reserve is expected to continue to increase interest rates. So this can be reflected in the value of the dollar which is the main factor determining the price of gold.
Hence, the value of the dollar may strengthen in the coming months. This could favor gold. The US Federal Reserve has hinted that interest rates could rise above 4% again. So it is amid such expectations that the price of gold is in a 1-month decline. And the interest rate is not limited to the upcoming meeting but may continue in the next year as well. Due to this further gold prices may remain under further pressure. Some experts have predicted that even if there is an increase, it will not be large. Interest rates in european countries are likely to increase further. This may further prompt the european Central bank to raise interest rates. While the value of the dollar continues to support gold prices, on the other hand, inflation, global political tensions, and economic slowdown are also factors to watch out for.Gold prices are currently trading at $1715.85 an ounce, down $12.35 an ounce in the international market. It started today slightly lower than the last session's closing price. It has also broken the lows of the previous session. The price of silver in the international market also decreased by 1.62% to 17,593 dollars. The silver price has started above the last session's price today. However, it broke the last session's low.
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