The FOMC minutes suggested Federal Reserve officials maintain confidence in easing inflation and a robust labor market, but their cautious approach to future rate adjustments indicates potential market volatility.
Economic indicators such as initial jobless claims, GDP second estimates, and PCE figures, to be released later today, are expected to influence market sentiment and gold's performance.
Gold's price movements are increasingly sensitive to economic data releases, with traders closely monitoring these developments to gauge the Federal Reserve's potential policy adjustments.
In addition to domestic economic concerns, geopolitical developments in Eastern Europe and potential changes in US trade policy could further influence gold prices in the near term.
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