Gold prices continue to increase at the beginning of the week!
Hello everyone,
This dawn, the global gold price continued its ascent, marching confidently towards $2260 from last week's close.
This week, the gold market is expected to witness substantial fluctuations as it reacts to significant US economic indicators. Beyond last Friday's inflation data, the market is also keenly anticipating the March Non-Farm Payroll report. A stronger-than-expected US job market, combined with persistent inflation, may delay the Federal Reserve's easing cycle initiation, potentially dampening gold's allure. Conversely, a weaker employment report could reinforce the Fed's policy pivot, propelling gold to new historic highs.
I am optimistic about gold's potential for further gains. What about you? Do you think gold will reverse its upward trajectory?
This dawn, the global gold price continued its ascent, marching confidently towards $2260 from last week's close.
This week, the gold market is expected to witness substantial fluctuations as it reacts to significant US economic indicators. Beyond last Friday's inflation data, the market is also keenly anticipating the March Non-Farm Payroll report. A stronger-than-expected US job market, combined with persistent inflation, may delay the Federal Reserve's easing cycle initiation, potentially dampening gold's allure. Conversely, a weaker employment report could reinforce the Fed's policy pivot, propelling gold to new historic highs.
I am optimistic about gold's potential for further gains. What about you? Do you think gold will reverse its upward trajectory?
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