For the first time in 11 years, the State Bank of Vietnam (SBV) will hold another gold bar auction. The objective is to have a stable, healthy, transparent, and...
Gold prices have climbed dramatically during the last three years, owing to three primary drivers. How will gold prices move next week?
While gold prices have gained considerably this week, U.S. employment data and the Fed Chairman's comments might put them at danger next week.
The Fed Chairman's testimony to Congress and February's nonfarm payrolls data (NFP) are expected to have a significant influence on gold prices next week.
Gold prices will be driven by global uncertainties and Fed rate decreases next week.
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 conflict between Israel and Hamas might extend throughout the Middle East. This conflict may continue to bolster gold prices in the coming week.
Gold prices are now on an accelerated and dramatic ascent, with apparent geopolitical causes for these recent changes, particularly the Israel-Hamas conflict.
Gold prices may continue to correct and consolidate next week, allowing investors to evaluate investing possibilities if the gold price falls below $1,900/oz.
Analysts believe that concerns about credit conditions and the debt limit dispute will maintain gold prices at historically high levels for the foreseeable future.
Gold prices may remain flat next week due to rising expectations that the Fed will raise interest rates by 0.5% at its upcoming meeting.
Investors are still hesitant to enter the market, despite the FED's indication that it may slow the rate of rate increases in December.
The possibility that the Fed will continue to raise rates may cause the price of gold to fluctuate next week.
The FED will likely stop raising rates earlier than expected, according to many analysts. This will raise gold prices.
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