Gold prices experienced volatility post a peak, driven by a weakening dollar and low bond yields, alongside rising expectations for an interest rate cut from the Fed.
Traders are cautious ahead of the Fed's meeting, as a potential 50 basis point rate reduction looms due to softening job reports, which impacts market sentiment.
Upcoming policy updates from the Bank of England and the Bank of Japan could introduce further volatility in the market, influencing gold prices significantly.
With ongoing demand from central banks and investor anxiety concerning U.S. elections and economic downturns, gold's status as a safe-haven asset remains robust.
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