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Gold Rally Pauses, Focus Shifts to FOMC
Gold prices are slipping on Monday, putting a pause on the more than 10% rally we’ve seen in gold over the last month. The selling comes despite news of Israel stepping up its invasion of Gaza this weekend through intensified land and air attacks. For now, the main focus seems to be on the fact that the conflict isn’t spilling over into a wide Middle East war. However, while that is the case for now, the risk of such an outcome remains very present and gold prices are subject to plenty of upside risks in coming weeks and months as the conflict continues. Will Powell Push Gold Lower? The FOMC will also be closely ... (full story)
