What's so special about gold price at the beginning of the week?
Updated
Gold traded near $1,915 per troy ounce in Asian trading on Monday, extending last week's upward trend.
The release of modest economic data from the United States during the previous week, along with conflicting statements from major central bank officials at the Jackson Hole Symposium, has reinforced the price of gold.
In an online survey, 69% predicted that gold would rise this week, 20% predicted a decrease in gold prices, and over 10% predicted that prices would remain unchanged.
The release of modest economic data from the United States during the previous week, along with conflicting statements from major central bank officials at the Jackson Hole Symposium, has reinforced the price of gold.
In an online survey, 69% predicted that gold would rise this week, 20% predicted a decrease in gold prices, and over 10% predicted that prices would remain unchanged.
Note
What do you think about the price of gold today?Note
In an online poll, 69% expect gold to rise next week, 20% expect gold to fall, and more than 10% expect it to move sideways.Note
The revised second-quarter GDP report, along with consumer and producer price indexes, will also help investors confirm the Fed's interest rate trajectory as it tries to balance inflation and growth risks. .
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