Bullish Outlook For Gold As US Data Eyed

From tickmill.com

Gold prices were seen trading up to fresh record highs through early European trading today, before softening mid-morning amidst an uptick in USD. The outlook for gold at the start of the week remains firmly bullish against a backdrop of stronger Fed easing expectations and heightened geopolitical uncertainty linked to the conflict in the Middle East. Gold prices have been well bid over the last week, helped on by the Fed’s half-point rate-cut last week and dovish revisions to its dot-plot forecasts. With traders now widely expecting the Fed to press ahead with at least one further cut this year, potentially two, ... (full story)