The price of PRECIOUS-GOLD found support at $1760 as the FEDs sounded some dovish tone last Wednesday.
Gold, the most valuable asset in the world, is set to increase in value as inflation continues to rise. Gold is a stable asset that investors deem trustworthy to hedge against inflation.
The negative NFP data that came out last Friday made the price of Gold surge. Gold reached the $1830 resistance level as the non-farm employment was lesser than the expected number. 235k jobs were added in August, which was way lesser than jobs that were added in July.