Gold is not safe by Investing.com

Written by Gina Lee

Investing.com – Tuesday morning rose in Asia. However, the yellow metal has remained close to multi-month lows, thanks to rising and rising bets that it will come sooner than expected.

It rose 0.68% to $ 1,738.25 at 12:05 am ET (4:05 am GMT), after falling to its lowest level since March 31 on Monday. The dollar, which generally moves in reverse with gold, also rose on Monday and stayed near its highest level for more than two weeks.

In this article, you will find an answer to your question “When will gold rise again?” And what will happen in the next few days? “:

Yields hit their highest level in more than three weeks, with good US employment data pointing to an improving market. The most recent, released the previous week, indicated that the non-farm payroll increased by 943K while the unemployment rate fell to 5.4% in July.

Federal Reserve officials have also hinted that the central bank may start reverting to its pre-Covid-19 settings sooner than expected.

The Atlanta Federal Reserve Chairman said Monday that deleveraging could begin as early as the fourth quarter, and could begin even earlier if the labor market maintains its recent pace of improvement.

Bostick’s colleague, Boston Fed Chairman Eric, said the Fed is expected to announce in September that it will start cutting its $ 120 billion monthly purchases of treasury and mortgage securities in the fall. .

As for other precious metals, it settled at $ 23.43 an ounce after falling to an eight-month low in the previous session. Platinum rose 0.1% to $ 980.81 and $ 2,603.20, respectively.

What is the correct and safe way to trade gold in these times:

An analysis of the dollar and its movement in the coming days and its impact on the movement of gold: