Gold Analysis Today 28/5: Is it Time to Buy? (Chart)
Gold prices attempt a rebound, settling at $2,352/oz. Recovering from last week's losses, it hit $2,326/oz amid US dollar strength and interest rate concerns.
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Gold prices attempt a rebound, settling at $2,352/oz. Recovering from last week's losses, it hit $2,326/oz amid US dollar strength and interest rate concerns.
The price of gold may remain stable around its recent losses.
Gold futures fell mid-week as Fed officials signaled possible rate hikes. The strong US dollar and rising Treasury yields pushed gold below $2,400.
Gold and silver futures hit new highs, fueled by Fed policy expectations and strong demand. Gold peaked at $2450.80/oz, while silver rose above $32/oz.
Gold price hits record $2,450 amid Fed rate cut optimism and geopolitical tensions. It later dipped to $2,406 before stabilizing at $2,425.