After last week’s U.S. jobs report, more people think the Federal Reserve might lower interest rates soon. Because gold does not earn interest, lower interest rates make it more attractive to investors. So, many people started buying gold.
Yesterday, this buying continued. The gold price went above an important level (3370), showing strong support.
This week, new tariffs from President Trump will start on the 7th. These worries in the market may help gold prices stay strong.
Gold-Dollar Expected Price Range: 3,350 – 3,400 USD
Note: This information does not guarantee profits. Please make your own decisions when trading.