Gold News – 18.Nov.2024
Gold News
Gold Price: Gold rose near $2,600/oz on Monday after rebounding from its largest weekly drop since 2021.
US Dollar: The rally in the US dollar paused, supporting gold’s recovery.
US Economic Data: October retail sales exceeded expectations, highlighting economic resilience.
Federal Reserve: Mixed signals from Fed officials created uncertainty about the timing and extent of potential rate cuts. Markets are pricing in a 65% chance of a 25bps rate cut in December.
Focus on Fed Guidance: Investors await remarks from Fed policymakers this week for clarity on future interest rates.
Geopolitical Tensions: Escalating conflicts in the Middle East and Ukraine-Russia could drive safe-haven demand, further supporting gold.
Author : Arman Shaban
To see more analyzes of Gold , Forex Pairs , Cryptocurrencies , Indices and Stocks , be sure to Follow and Join us on other Platforms :
– Public Telegram Channel
– YouTube Channel
– TradingView
– X (Twitter)
– How to join our FOREX VIP Channel ?
– How to join our Crypto VIP Channel ?
– CONTACT ME directly on Telegram
