Gold price investing demand from China and India continues

Demand from China and India continues to influence gold price investing forecasts. Shanghai gold premiums remain elevated, suggesting strong retail and wholesale market appetite in Asia. Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Market watchers expected the Fed to cut interest rates by a quarter point at its September 2024 meeting, but news on September 12 that the regulators were still deciding between the expected cut or a larger half-point cut led the gold price on a rally that carried through into the next day, bringing the metal near US$2,600. Momentum indicators in gold price investing models show RSI holding above 60, suggesting bullish pressure remains intact. Volume profile analysis also points to strong buyer activity between $2,350 and $2,