Gold continues to rise
The price of gold has reached its highest level since March 2022. This growth was fostered by a weakened dollar amidst the latest ADP National Employment Report. That indicator showed only 145,000 new jobs, significantly less than was expected. Weak macroeconomic data from the United States are leading to expectations that the Federal Reserve will slow its interest rate hikes. Coupled with continued high inflation, this allows gold to continue its upward trend.
Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.
Why trade with Libertex?
- Get access to a free demo account free of charge.
- Enjoy technical support from an operator 5 days a week, from 9 a.m. to 9 p.m. (Central European Standard Time).
- Use a multiplier of up to 1:30 (for retail clients).
- Operate on a platform for any device: Libertex and MetaTrader.