Yesterday, even though the New York market was closed for Labor Day, gold prices kept rising and reached 3489. This is very close to the all-time high of 3500. Because people expect the Federal Reserve to lower interest rates and there are worries about its independence, investors bought gold, which does not pay interest but is seen as safe.
When the New York market opens again after the holiday, some people may sell to take profit. However, many believe it is only a matter of time before gold makes a new record high, so this could be a chance to buy when prices fall a little.
Gold-Dollar expected range: 3,390 – 3,500 USD
Note: This information does not guarantee profits. Please make your own decisions when trading.