Gold experienced a turbulent week, characterized by sharp declines and subsequent recoveries.
- Fed rate cut speculation surges with a 55% chance of a 50-bps cut, potentially pushing gold prices to new highs.
- Upcoming CPI and PPI reports are crucial; weak inflation could prompt Fed cuts, potentially sending gold to $2,500.
- Global gold demand shifts: India sees a price-driven uptick, while China’s premiums rise on safe-haven buying
- Gold’s bullish outlook hinges on inflation data and Fed moves; breaching the 50-day MA could signal a sharp drop.
- Fed rate cut speculation surges with a 55% chance of a 50-bps cut, potentially pushing gold prices to new highs.
- Upcoming CPI and PPI reports are crucial; weak inflation could prompt Fed cuts, potentially sending gold to $2,500.
- Global gold demand shifts: India sees a price-driven uptick, while China’s premiums rise on safe-haven buying
- Gold’s bullish outlook hinges on inflation data and Fed moves; breaching the 50-day MA could signal a sharp drop.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.