Two factors to drive gold prices next week
Gold prices will be driven by global uncertainties and Fed rate decreases next week.
Gold prices will be driven by global uncertainties and Fed rate decreases next week.
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.
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.