Forecast
for the price of gold: XAU/USD soars to weekly highs above $1,973
Due to
decreased government bond rates, gold prices increased on Wednesday for the
second straight day. The price of gold has risen to its highest level in a week
and is currently trading at $1,971.
Gold
continues to shine
After Wall Street's opening bell, XAU/USD picked up some steam and climbed past $1,971. But when the US Job Openings report was released, it declined to $1,960 before rising again to $1,974, setting a new weekly high.
