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XAU/USD. Analysis and Forecast
Today, gold stopped at the $4,200
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Today, gold stopped at the $4,200 level, consolidating before its next move. Investors, it seems, are confident that new U.S. macroeconomic data will show signs of an economic slowdown due to the government shutdown and may push the Federal Reserve toward an additional rate cut in December. This scenario provides support for precious metal prices. The prevailing trend of selling the U.S. dollar is another factor supporting gold's valuation. Meanwhile, optimism caused by the positive development regarding the reopening of
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Irina Yanina,
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