A Critical Warning for Gold Investors: If $4,300 Is Broken…
4 Articles
4 Articles
Gold prices continued their sharp declines into the new day. Ahead of the release of critical inflation data from the US, the price of gold per ounce fell to $4,300 today. Gold investors are now focused on the crucial data to be released in a few hours. So, what is the latest situation regarding gold prices?
Economy - The Fed's interest rate decision, new economic projections, and US data mark the beginning of a crucial week for gold. The $4,300 defense line is key, while attention is focused on pressure on oil and bond yields.
In the gold market, eyes are turned to inflation data from the US, while rising bond yields are putting pressure on prices.
While the price of gold per ounce is holding at the $4,415 level, eyes are turned to the critical threshold. Saxo Bank strategist Ole Hansen said that a drop below $4,300 could lead to a sharper decline. The price of gold per ounce is maintaining its course above $4,400 ahead of the US PPI and CPI data to be released and the Fed's interest rate decision next week. The price of gold per ounce in the morning […] Critical warning to gold investors:…
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