Coin price in sensitive border |
Posted: November 2, 2023 |
According to EcoIran, the global gold price recorded a back and forth in cash transactions last night.
The price of gold, which was sold around 1980 dollars on Wednesday, dropped to nearly 1970 dollars last night in short-term reaction to the speech of Jerome Powell, the head of the Federal Reserve. The importance of the incident made some coin traders think that the price of the coin will decrease on Thursday.
In other words, on Wednesday, after the US Federal Reserve announced its broad decision to keep interest rates on hold and Jerome Powell also said that rate cuts are not on the agenda right now, that's the reason for the decline in gold prices. provided
This price drop is while the price of gold broke the $2,000 ceiling for the second time in the last week and rose to nearly $2,880 on Monday evening. But due to the news of the ground war in Gaza, the price of an ounce of gold returned to the bottom of the $1,900 channel.
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