The Gold Price is Trying to Recover its Losses

From dailyforex.com

Gold futures started the second half of 2023 with modest gains amid stable US dollar prices. The yellow metal was trying to reverse the recent bearish trend of the past two months. But with the Fed raising US interest rates twice more this year, can gold prices re-test $2,000 again?At the beginning of this week's trading, the XAU/USD gold price recovered to the $1930 resistance level, before stabilizing around $1921 an ounce, at the time of writing. All in all, the price of gold is relatively stable and is posting a monthly loss of around 2%. From the beginning of the year 2023 to date, the price of gold has ... (full story)