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The price of gold fluctuated repeatedly between ups and downs. Traders assess the impact of falling oil prices while waiting for economic data to determine the Fed's interest rate path. On the one hand, gold is supported by structured investment and strong demand for gold purchases by central banks; on the other hand, it is also suppressed by high bond yields and expectations of tighter monetary policy. Traders are awaiting various economic data, including this week's US inflation data; Federal Reserve Chairman Kevin Walsh plans to attend the event on Thursday, and the market hopes to interpret the Fed's policy ideas from it.
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The price of gold fluctuated repeatedly between ups and downs. Traders assess the impact of falling oil prices while waiting for economic data to determine the Federal Reserve's interest rate path. On the one hand, gold is supported by structured investment and strong demand for gold purchases by central banks; on the other hand, it is also suppressed by high bond yields and expectations of tighter monetary policy. Traders are awaiting various economic data, including this week's US inflation data; Federal Reserve Chairman Kevin Walsh plans to attend the event on Thursday, and the market hopes to interpret the Fed's policy ideas from it.
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