Gold rate outlook: Prices to stay choppy ahead of US data; Fed signals in focus as silver extends strong run
Gold prices are poised for a volatile week as investors await key US economic data and Federal Reserve commentary, which will influence expectations for a December rate cut. Despite initial gains driven by a weaker dollar and shutdown uncertainty, gold reversed sharply on Friday due to hawkish Fed remarks and profit-taking.🕒 1 min read
Gold prices are poised for a volatile week as investors await key US economic data and Federal Reserve commentary, which will influence expectations for a December rate cut. Despite initial gains driven by a weaker dollar and shutdown uncertainty, gold reversed sharply on Friday due to hawkish Fed remarks and profit-taking.
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