#Gold declined during Thursday’s trading by about 0.24% to $1976 an ounce, giving up its gains earlier in the session, under pressure from the strength of the #dollar after the issuance of strong US data.
🔵 What we are currently witnessing in the #markets is the calm before the storm!!!!
🔹 Next week, either the US Federal Reserve will announce the end of the monetary tightening phase, and thus gold will jump above the levels of $ 2,000 an ounce…
🔹 Or he will announce the continuation of raising interest rates, and thus gold will fall below the levels of $ 1900, and the US dollar will return to compensate for all its losses…
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