Gold rose to a record high on Thursday (September 12) after US data reinforced expectations that the Federal Reserve could cut interest rates next week.
"The ECB rate cut, a small increase in unemployment claims and PPI gains were enough to push gold to new highs," said Saxo Bank's head of commodity strategy.
The spot price was $2,557.97 an ounce, up 1.85%.
Operation suggestion: The gold daily line reached the highest position of 2560.2 after the market, the daily line finally closed in the position of 2558.7 after the market with a basic saturation of the sun line, and after the end of such a form, the day line effectively broke the box interval, today's market back to step on the point.
Trading strategy: long near 2547, stop loss 2542, target 2561-2580.
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