Spot gold saw slight gains in early Asian trading, currently trading around $3,351.15 per ounce. On Tuesday (August 12), gold prices edged higher, closing up 0.16% at $3,348.02 per ounce. This seemingly calm fluctuation stemmed from the benign performance of the latest US inflation data, which not only maintained expectations of a September rate cut by the Federal Reserve but also triggered a weakening dollar, a correction in bond yields, and a record stock market rebound.#SharingTradingMistakesAndGrowth#BrokerEvaluation
Spot gold saw slight gains in early Asian trading, currently trading around $3,351.15 per ounce. On Tuesday (August 12), gold prices edged higher, closing up 0.16% at $3,348.02 per ounce. This seemingly calm fluctuation stemmed from the benign performance of the latest US inflation data, which not only maintained expectations of a September rate cut by the Federal Reserve but also triggered a weakening dollar, a correction in bond yields, and a record stock market rebound.#SharingTradingMistakesAndGrowth#BrokerEvaluation