XAU/USD: Gold Makes Steady Gains Above $1,925, Going Up for Fourth Straight Session

As business deals pick up in the second half, the price of gold has gone up about $30 from its low point in late June.

Gold prices began trade on Wednesday with a slight rise. This came after four straight days of gains. After a very boring start, investors are excited to see what will happen in the second half of 2023. During the first half of the year, XAUUSD only went up in value by $92, or 5%, ending at $1,919 per ounce.

But it could have been worse, and that needs to be said. The large-cap stock lost 5% in the first half of last year. In early May of this year, around $2,079 per ounce, gold reached its all-time high on the market.

Next, gold fans will look at the minutes of the Fed's meeting, which will be released later today. Friday, the June nonfarm payrolls will change the way deals are made and the price of gold. In light of this, get ready for more instability that could threaten gold's recent rise.