Gold Futures Hold Above $1,930 After Yesterday’s Price Drop By InfoQuest

Gold futures are above $1,930 after falling yesterday.

InfoQuest – Gold futures rose above $1,930 today. driven by speculative orders after the price fell yesterday

At 11:40 pm Thai time, the gold contract was executed on the COMEX (Commodity Exchange) market in February. plus 0.50 or 0.03% to $1,930.50 / oz

Gold prices fell in yesterday’s trading. Due to the strong US economic data, investors are selling gold as a safe haven asset. In addition, the strength of the dollar has reduced the attractiveness of gold. By making gold contracts more expensive for holders of other currencies.

Investors are keeping an eye on the Federal Reserve’s monetary policy meeting next week. Including statements from the Fed Chairman, Jerome Powell, which could indicate the direction of the Fed.

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