The gold price last week experienced significant fluctuations following the announcement of federal interest rates along with a series of other important news. Gold prices continued to surpass its previous peak at 2195 after a range of consolidation, reaching 2222 – the highest level ever. However, within the next session, the price dropped to 2157.
As investor sentiment stabilized, the price movement showed signs of slowing down and consolidating. Gold price tends towards the range of 2185, then moves sideways within the range of 215x-218x.
The significant fluctuations in the past week serve as a reminder that we must always adhere seriously to risk management principles to preserve capital and generate profits.
Wishing investors smart and effective investment strategies! And stay tuned for the next gold prices updates.
By. Pham Thanh Bien
