Gold Price Analysis
Gold might bounce in the near future in a primarily technical move as the price emerges from oversold and appetite to push lower appears to be limited.
The primary narrative for the potential move is the continuing likelihood that the Fed will hold its funds rate at the current 5.25-5.5% at its next meeting in slightly less than a month.
However, the reaction to American inflation is very important: if the data are surprising, this idea could be invalidated.
Gold Price Forecast by Michael Stark
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