Gold Gains 1% Over The Dollar: Could This Be The Time To Buy?

$1,645.21 per ounce, the best day since Oct. 21, 2022. U.S. Meanwhile, gold futures advanced 0.5% to $1,656.60.

“While a slight softening in yields alongside the dollar is beneficial for gold prices, whether the trend can be sustained depends on the much-craved dovish signal from the Fed, which looks set to hike by 75 basis points once more,” said Craig Erlam, senior market analyst at OANDA.

Gold is currently up to $1,645.21 per ounce, it was trading around $2,000 back in March. Which begs the question… “Is it a good time to buy gold?”

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It could be a good time to buy gold since it's undervalued and the price is rising. However, be sure to go with the right guide before doing this.

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