Bullish momentum in spot gold stalls as focus shifts to critical U.S. inflation data
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The price of precious metals saw a strong upside attempt, ending flat at the New York close due to anticipation of key signals on U.S. inflation and Federal Reserve decisions. Recent strength in the dollar also contributed to market caution. Traders are expected to adopt a "wait and see" approach, closely monitoring the Fed's policy decisions, particularly with upcoming inflation data, GDP figures, and the Core PCE index.
Bullish momentum in spot gold stalls as focus shifts to critical U.S. inflation data
Bullish momentum in spot gold stalls as focus…
Bullish momentum in spot gold stalls as focus shifts to critical U.S. inflation data
The price of precious metals saw a strong upside attempt, ending flat at the New York close due to anticipation of key signals on U.S. inflation and Federal Reserve decisions. Recent strength in the dollar also contributed to market caution. Traders are expected to adopt a "wait and see" approach, closely monitoring the Fed's policy decisions, particularly with upcoming inflation data, GDP figures, and the Core PCE index.