Gold News – 23.Jul.2024

Gold News

Gold prices are slightly down, trading at $2,395.00 per troy ounce.

Investors are awaiting key U.S. data, including GDP for the second quarter and the PCE index, to gain insights into inflation and consumer spending.

These data points are crucial for anticipating the Federal Reserve’s next monetary policy moves.

The recent slight decline in gold prices follows an all-time high of $2,483.60 last week.

Political factors and tax changes, such as India’s reduction of import tax on gold and silver bars to 6%, also influence market sentiment.

Other metals: Silver fell 1.4%, platinum was flat, and palladium dropped 1.1%.

Author : Arman Shaban
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