The US economy grew by 2.9 percent in the fourth quarter. Along with the US data, which grew by more than 2.8 percent, which is expected gold experienced rapid decline.
As a result of the growth data that strengthened the Fed’s hand ounce of gold It decreased from 1949 dollars to 1919 dollars.
An ounce of gold started the day at 1929 dollars. During the day, the lowest 1919 dollars and the highest 1934 dollars were seen. It is currently trading at 1922 dollars.
GRAM GOLD ALSO
grams of gold prices also decreased in parallel with the ounce of gold. Gram gold started the day at 1166 liras. During the day, the lowest level was 1160 lira, and the highest level was 1170 lira. Currently, gram gold is traded at 1163 liras.
EYES AT FED MEETING
On February 1, 2023, the Fed will announce its interest rate decision. Beyond the rate decision, Fed Chairman Jerome Powell’s statements will be even more important. Powell, who will provide verbal guidance, will give hints about the hawk or pigeon posture.
IMPORTANT FORECAST FROM ANALYSTS
Analysts, who predict that the decline will continue below $ 1905 if the support of $ 1919 is broken, continue to point out that if $ 1943 is passed, the target will be $ 1969.