Gold’s Trajectory Awaits Upcoming Inflation Data
After facing profit-taking on Friday following its rally last week, gold's trend remains alive due to potential interest rate cuts and ongoing geopolitical risks.
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After facing profit-taking on Friday following its rally last week, gold's trend remains alive due to potential interest rate cuts and ongoing geopolitical risks.
Read MoreThe Bank of Japan's move to purchase a lower amount of bonds than its previous acquisition led to gains in both the 10-year bonds and the yen.
Read MoreThe EUR/USD pair, which ended the past week on a flat note, saw its upward momentum in the fourth week somewhat tempered by cautious remarks from Fed members regarding interest rate cuts.
Read MoreOn Monday, the dollar index stabilized around 105.3 as investors prepared for crucial US inflation figures scheduled for release this week, which could shape the Federal Reserve's monetary policy stance.
Read MoreMajor cryptocurrencies surged on Friday due to signs of a softer US labor market, sparking hopes for interest rate cuts this year ahead of crucial inflation data next week.
Read MoreOn Friday, WTI crude futures approached $80 per barrel, marking a third consecutive session of gains and poised for a robust weekly rise due to an optimistic global demand outlook and ongoing tensions in the Middle East.
Read MoreStock futures in the US edged higher on Friday, with all three major averages showing gains of nearly 0.3%, building on the momentum from the previous day.
Read MoreYesterday, despite interest rates being kept unchanged as expected, the pound, which lost value against the due to two members voting in favor of a rate cut unlike the one member in the previous meeting.
Read MoreThe recent economic indicators from the US signal a slowdown, ongoing ceasefire talks in Gaza without a resolution, central banks' gold purchases, and tensions in Ukraine have pushed gold to break above the 2330 resistance level.
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