Next week's gold price: Impacts from US inflation
The release of US inflation data next week will have a direct impact on gold prices.
The release of US inflation data next week will have a direct impact on gold prices.
Many analysts projected that gold prices would rise considerably in 2024, reaching a new high, especially if the Federal Reserve cut interest rates.
The volatile crisis across banks in the US continues unpredictably with the recently declared bankruptcy by the First Republic Bank. This marks the third bank to fail in...
It seems as if regional US banks are toppling over like a stack of dominoes. The Federal Reserve has already tried to help banks from becoming the next to fall but...
Analysts believe that concerns about credit conditions and the debt limit dispute will maintain gold prices at historically high levels for the foreseeable future.
Should perceptions change, and funding strains tighten financial conditions, the US dollar will likely rise.
The Fed may soon stop raising rates in response to the banking crisis and falling inflation. This will result in a gold price breakout.
Following the failure of three American banks, the banking crisis may extend to other nations. This will cause gold prices to rise even further.