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Wall Street pulls back from gold market after Swiss tariff drama, Main Street majority still expects gains during Fed-heavy week
The gold market spent this week trying to find its feet after last week’s tariff confusion, and mixed inflation and consumer data did little to tempt traders into new positions. Spot gold kicked off the week trading at $3394.89 per ounce, but as the previous week's Swiss tariff drama continued to drain out of the market, the gold price slid steadily lower. By 9:00 p.m. Eastern Sunday evening, spot gold was down to $3373, and by 8:15 a.m. Monday morning, it was trading just below $3,350. The North American open propelled the yellow metal briefly back to $3,360 per ounce, but the bump was short-lived, and just after ... (full story)
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