Gold prices are currently constrained within a tight range close to their all-time highs, influenced by strong U.S. labour market data that reduces the likelihood of aggressive Federal Reserve rate cuts.
Upcoming economic indicators and Fed officials' speeches are poised to significantly impact market sentiment, potentially triggering volatility in the gold market as participants seek clarity.
Despite recent downward pressure, the outlook for gold remains cautiously optimistic due to geopolitical tensions in the Middle East and ongoing uncertainties around the U.S. presidential elections.
Strong demand from central banks is expected to support gold prices in the long term, although China's pause in purchases for reserves is noteworthy.
Collection
[
|
...
]