Gold prices are reaching unprecedented highs due to central bank purchases and concerns over geopolitics and monetary policies. Optimism is somewhat subdued by recent US economic data.
Market attention is now on upcoming US inflation data and the FOMC meeting minutes to assess potential interest rate adjustments. Any indications could lead to volatility in the precious metals market.
Despite peaking levels, gold remains well-supported by strong demand, especially from central bank purchases by countries like China and India.
While gold has seen significant gains, there is a possibility of short-term price corrections, particularly if US data shows strength beyond expectations.
[
add
]
[
|
|
...
]