Today, the price of gold in the trading market is at around 1920 USD and shows slight signs of increase. This week, the gold market is anticipating a series of important economic data releases such as employment reports, revised Q2 GDP along with expenditure indices, personal consumption expenditures (PCE), and production indices (ISM)...
These data will assist investors in predicting the possible direction of interest rates as the Fed strives to balance inflation risks and growth.
According to recent surveys, most retail investors expect gold prices to rise in the near future.
These data will assist investors in predicting the possible direction of interest rates as the Fed strives to balance inflation risks and growth.
According to recent surveys, most retail investors expect gold prices to rise in the near future.
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How do you feel about the gold price today?
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The Fed has yet to signal a reversal in monetary policy. Therefore, the USD is still considered high and has little chance of a breakout for gold.
