Gold rises for first time in 4 weeks amid Israel-Hamas conflict. Can it shine some more?

The upcoming week will feature a series of speeches by Fed officials, including Fed Chair Jerome Powell, along with the release of US Retail Sales and Industrial Production data. Chinese GDP, fixed asset investment, and Retail Sales data are also expected to draw significant attention. With ongoing geopolitical tensions in the Middle East and fading prospects of another Fed rate hike, we anticipate that gold prices will remain well-supported in the short term.

Leave a Reply

Your email address will not be published. Required fields are marked *