🚀Gold prices🚀 are soaring! 🚀 The price of gold is rising and has already surpassed US$ 3.500 per ounce! 💰
Why is the price of gold booming?
The market is thinking that the Federal Reserve (Fed), the Central Bank of the United States, will cut interest rates soon. ✂️ This expectation causes the dollar to fall 📉 and inflation to rise 📈, making gold a super safe investment! 🛡️
The role of inflation 📈
An important report on inflation will be released on September 12, and the forecast is that prices will rise significantly. This makes everyone more worried and increases the demand for gold even more, as it is a refuge against currency devaluation. 🏃💨
Market perception 👀
Historically, gold always appreciates during times of inflation and economic uncertainty. And that is exactly what is happening now! 🔄 The market is watching for some crucial data that should confirm the Fed's decision to cut rates, which only reinforces the upward trend of gold. ✨
