The 2nd critical factor could be the value on the US dollar. Gold is typically priced in US dollars on the international market, so changes during the value with the US dollar can have a direct influence on the gold rate. One example is, In case the US dollar https://financefeeds.com/global-fx-market-summary-us-labor-market-data-fomc-minutes-outlook-for-the-us-economy-21-august-2024/