GOLD PRICES WEEK & MONTH IN REVIEW

avatar
· Views 590

Gold prices had a tough November, their second worst month this year so far. But gold prices started to turn the corner late in the week, with five of the eight XAU-crosses finishing in positive territory. Gold prices in JPY-terms (XAU/JPY) was the best performing gold pair, gaining 0.91% over the past week. Gold prices in AUD-terms (XAU/USD) and gold prices in CHF-terms (XAU/CHF) were the next best performing pairs, adding 0.48% and 0.4%, respectively.

Overall, even after gold prices in USD-terms (XAU/USD) finished the week higher by 0.14%, it still closed the month lower by -3.21% overall. The main factor in gold’s weakness the past month were the dramatic pullback in Federal Reserve interest rate cut odds due to perceived progress towards a US-China trade war Phase 1 deal. To this end, gold prices may start December on stronger footing.

 
GOLD PRICES WEEK & MONTH IN REVIEW

免責事項:本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。

この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
応答 0

古いコメントはありません。ソファをつかむ最初のものになりましょう。

  • tradingContest