Gold's recent movements are directly correlated to the Fed's decision to cut rates and the prevailing concerns about inflation, solidifying its support near crucial price levels.
The Fed's cautious stance indicates only two additional rate cuts are anticipated in 2025, amidst ongoing inflation concerns, pushing gold prices to test vital resistance zones.
Market analysts predict gold will maintain a sideways trading channel between $2,620 and $2,660 due to seasonal trading patterns and the underlying economic climate.
Should inflation worries escalate or if the Fed indicates a more aggressive rate adjustment, gold could experience significant price increases, highlighting its role as a safe haven.
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