Gold Gains 1% Over The Dollar: Could This Be The Time To Buy?

$1,645.21 per ounce, the best day since Oct. 21, 2022. U.S. Meanwhile, gold futures advanced 0.5% to $1,656.60.

“While a slight softening in yields alongside the dollar is beneficial for gold prices, whether the trend can be sustained depends on the much-craved dovish signal from the Fed, which looks set to hike by 75 basis points once more,” said Craig Erlam, senior market analyst at OANDA.

Gold is currently up to $1,645.21 per ounce, it was trading around $2,000 back in March. Which begs the question… “Is it a good time to buy gold?”

Get An Edge On Buying Gold With This FREE 20 Page eBook!

It could be a good time to buy gold since it's undervalued and the price is rising. However, be sure to go with the right guide before doing this.

A guide like Birch Gold Group that has helped over 14,000 investors properly diversify their portfolios with gold, silver and other precious metals since 2003. They’ve also worked with Ben Shapiro and Larry Elder.

Get a headstart on investing in gold with this FREE 20 page ebook on buying gold, reducing taxes, and coming out a winner during market crashes.

Get this exclusive info with your FREE 20 page eBook today!

 

Image sourced from Shutterstock

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CommoditiesMarketsPartner Content
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...