Gold Price Prediction – Prices Consolidate Over Juneteenth

Key Insights

  • Gold prices consolidated during the Juneteenth Holiday.

  • The dollar eased as gold traded sideways.

  • The bond, stock, and commodity markets were closed

Gold prices traded sideways. The dollar eased, but the market had little direction as both the bond and commodity futures markets were closed due to the Juneteenth Holiday. The movement of the yellow metal will be based on the dollar, which might have peaked, given the massive amount of rate hikes already built into the interest rate…

Read More