📉【Gold rose a bit, but is still mostly moving sideways】
Recently, the price of gold has risen slightly in light trading, but overall, it is highly likely that this week will end with a small decline. The reason is - when the Federal Reserve will cut interest rates is still uncertain, and the US economic data is still quite solid (initial jobless claims and retail sales are good), so the market is afraid to act rashly.
💬 Analysts at MUFG said: Everyone is waiting for the next Federal Reserve meeting, and the atmosphere is cautious. #黄金
But don't ignore it! Gold has already risen 27% since the beginning of the year 📈. Unstable geopolitical situation + weakening US dollar, everyone still likes to use gold as a safe haven.
Currently, the price of gold is fluctuating in a range, and the market is waiting for trade policies, tariffs, interest rate cuts and other "shoes" to drop. #美国众议院通过三项加密货币法案