On the world market, the spot gold price on the Kitco floor at 9:46 pm on August 15, Vietnam time was at 1,906.4 USD per ounce. Gold futures are trading at $1,939.5 an ounce.
Gold held its fall below $1910/oz on Wednesday, hovering near a seven-week low as stronger-than-expected US retail sales data supported the Reserve's ability to hold prices. Federal. higher interest rates for a longer period.
The Fed also said on Tuesday that the US central bank had made some progress in its fight against inflation, but interest rates may still need to move higher to get the job done.
Investors are now awaiting the minutes of the Fed's final policy meeting for more clues on the rate path.
Elsewhere, the Reserve Bank of New Zealand left its policy rate unchanged at its August meeting but warned that interest rates need to be curbed to reduce high inflation.
BUY XAUUSD
1904 - 1906
SL : 1984
TP 1: 1916
TP 2: 1920
Gold held its fall below $1910/oz on Wednesday, hovering near a seven-week low as stronger-than-expected US retail sales data supported the Reserve's ability to hold prices. Federal. higher interest rates for a longer period.
The Fed also said on Tuesday that the US central bank had made some progress in its fight against inflation, but interest rates may still need to move higher to get the job done.
Investors are now awaiting the minutes of the Fed's final policy meeting for more clues on the rate path.
Elsewhere, the Reserve Bank of New Zealand left its policy rate unchanged at its August meeting but warned that interest rates need to be curbed to reduce high inflation.
BUY XAUUSD
1904 - 1906
SL : 1984
TP 1: 1916
TP 2: 1920
