Gold prices consolidate to end the week over 2% lower | Metals Mine

  • Gold prices consolidate to end the week over 2% lower

    From thegoldforecast.com

    Gold markets experienced their most significant weekly decline since June, with prices falling over 2% as investors navigated conflicting economic data and policy developments. The week opened with substantial selling pressure as traders digested new clarification regarding tariffs on gold bullion, triggering a sharp drawdown that sent both spot gold and gold futures significantly lower. Market sentiment showed signs of recovery on Tuesday following the release of Consumer Price Index data that revealed inflation rising at a slower pace than economists had anticipated. This tepid inflation reading provided fresh ... (full story)

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xausdfx
Aug 16, 2025 1:10pm
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Quoting Ravenfeeder
{quote} What would be your reason? The consolidation of this week has been long.
i think because the Alaska summit failed and no deal, and it will move the market as it's not good for the dollar.

also yesterday price didn't really go in any direction likely because everyone was waiting for the outcome of the summit, so market will likely react on Monday, I could be wrong with the gap though and see some down before going up
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xausdfx
Aug 16, 2025 10:09am
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high chances of gap up at market open tbh
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Ravenfeeder
Aug 16, 2025 12:49pm
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Quoting xausdfx
high chances of gap up at market open tbh
What would be your reason? The consolidation of this week has been long.
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