Gold prices are currently holding at $3,998, with investors awaiting further signals from the Federal Reserve regarding monetary policy. The upcoming interest rate decision will be a key determinant of gold's direction in the near term.
If the Fed decides to maintain or lower interest rates, gold has the potential to continue strengthening. However, if interest rates remain high, gold prices may face downward pressure.
At the time of this analysis, gold prices were at $3,998.
Disclaimer:
This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
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