Gold prices exhibited minimal fluctuation on Monday as investors remained vigilant concerning US trade policy and forthcoming economic indicators. President Trump's indication of 'flexibility' on tariffs has contributed to market uncertainty, which could challenge US economic stability and impact the Federal Reserve's policy. This week’s GDP growth data is crucial; a slowdown might increase support for looser monetary policies, influencing gold prices positively. Conversely, strong GDP figures could raise US yields and produce a hawkish Fed stance, which might limit gold price increases, while geopolitical tensions add to market complexities.
Gold prices remained stable as uncertainty surrounding US trade policies continues. Investors are especially cautious, waiting for key economic indicators that could greatly impact market behavior.
The potential for changes in the Federal Reserve's policy due to GDP growth data could influence gold prices significantly, either amplifying demand or limiting its upside.
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