Gold is forecast to cool down after rising sharplyGold prices maintained gradual gains, supported by data PMI that was lower than estimates. In Europe, gold continued to increase from $2,119 to $2,140 and then decreased again and is at the $2,128 version. Precious metals continue to be supported by recent US economic data, but the market is still waiting for the JOLTS jobs report and Fed Chairman Powell's hearing today. Currently, gold is falling to $2,126.
