Gold prices have shown little movement recently, hovering within a narrow range as traders brace themselves for the impact of upcoming U.S. economic data on the Federal Reserve’s interest rate path. Despite a slight uptick to $2,325.23 per ounce, the general market sentiment remains cautious. The looming release of GDP and PCE reports has heightened
Forecasts
The recent uptick in economic numbers has provided a glimmer of hope for investors concerned about the possibility of a recession in the US. Although these better-than-expected numbers may provide some support for investor confidence, they are unlikely to change the trajectory of the Federal Reserve’s interest rate decisions. The upcoming release of the US
The U.S. Treasury yields have seen an increase as investors eagerly anticipate the release of crucial economic indicators that could provide valuable insights into the economy and potential changes in interest rates. Specifically, the 10-year yield has risen by more than two basis points to 4.6414%, while the 2-year yield has experienced a similar uptick.