Commodities Analysis and Opinion
Gold price set for more record highs in June?
2023.06.05 13:16
price hit a more than 2-month low in early trading today. But this was quickly followed by a rebound for the price of gold in sync with the uptrend observed on the gold chart since November.
In this gold price analysis, we examine all the main factors that will likely be in play in June – the effect of the debt ceiling deal, market concerns about a Fed rate hike and the prospects. We’ll also look at the chart and perform a technical analysis for gold in the coming weeks, as the price moves between a short-term downtrend but is actually in a long-term climb since November.
Where do you think the gold price will be at the end of June?
