Gold held her breath waiting for decisions from the Fed
"Gold prices today saw a modest uplift, buoyed by a softening USD and falling Treasury yields. The DXY's 0.3% drop spiced up the appeal of gold for investors holding other currencies, while lower U.S. 10-year bond yields cut the opportunity cost of holding non-yielding bullion.
Currently trading around 2035 USD, traders are eagerly anticipating insights from several Fed officials this week to gauge the pace of rate cuts for the year. With at least eight Fed speeches lined up, gold could shine if early rate cuts are hinted. But, if the Fed signals a policy pivot delay, gold may face a squeeze, tempering its sparkle as we await the next big meeting."
Currently trading around 2035 USD, traders are eagerly anticipating insights from several Fed officials this week to gauge the pace of rate cuts for the year. With at least eight Fed speeches lined up, gold could shine if early rate cuts are hinted. But, if the Fed signals a policy pivot delay, gold may face a squeeze, tempering its sparkle as we await the next big meeting."
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