GOLD hold your breath waiting for the Fed's moveGold prices fluctuated slightly as investors waited for important US inflation data to be released at the end of the week to look for more signals on the US Federal Reserve's interest rate direction after dovish statements. recently.
The market is in pause mode waiting for the next important fundamental economic news or data. He said that the buying activity of traders in the first trading session of the week was the psychology of buying when prices fall.
The fundamental factors keeping gold prices are a weakening dollar, looser monetary policy and some safe-haven demand from tensions in the Middle East.
Traders are pricing in a 69% chance that the Fed will cut interest rates in March. Lower bond yields and interest rates are a favorable environment for gold as it reduces the opportunity cost of holding the metal. this kind. Expect a series of important US economic data this week, including the core November personal consumption expenditures (PCE) index report.
