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Gold Prices Forecast: Can Upcoming US CPI Report Trigger a Shift in Sentiment?
Gold prices reached record levels last week, buoyed by changing expectations for U.S. Federal Reserve policies and key economic data. The key factors influencing gold prices were Fed Chair Powell’s remarks and the rise in the U.S. unemployment rate, which amplified speculation about potential Federal Reserve interest rate reductions. chart Jerome Powell, Chair of the Federal Reserve, indicated possible rate cuts in the future, although their timing remains uncertain. He emphasized a cautious approach, focusing on achieving sustainable inflation movement towards a 2% target. Significant movements in Treasury ... (full story)