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Gold Prices Stabilize as Investors Await Pivotal US Economic Data Releases
Gold prices held steady on November 17 as traders positioned cautiously ahead of several crucial US economic indicators expected this week, including inflation data, retail sales and labour-market prints. The metal’s recent selloff prompted defensive re-entry by some investors, though overall sentiment remained restrained due to uncertainty around the Federal Reserve’s interest-rate trajectory.
Analysts noted that gold’s near-term direction will largely depend on incoming macro data and how it influences expectations for December policy action. Broader commodity markets also stayed quiet as volatility declined.
CNBC• By Ayush Samantaray
Explore:High Return Equity Mutual Fund
neutral
Gold Prices Stabilize as Investors Await Pivotal US Economic Data Releases
Gold prices held steady on November 17 as traders positioned cautiously ahead of several crucial US economic indicators expected this week, including inflation data, retail sales and labour-market prints. The metal’s recent selloff prompted defensive re-entry by some investors, though overall sentiment remained restrained due to uncertainty around the Federal Reserve’s interest-rate trajectory.
Analysts noted that gold’s near-term direction will largely depend on incoming macro data and how it influences expectations for December policy action. Broader commodity markets also stayed quiet as volatility declined.
CNBC• By Ayush Samantaray
Explore:High Return Equity Mutual Fund
1 min read
83 words
Gold prices remained stable as investors awaited key US economic data that may influence Federal Reserve policy expectations and near-term metal trends.
Gold prices held steady on November 17 as traders positioned cautiously ahead of several crucial US economic indicators expected this week, including inflation data, retail sales and labour-market prints. The metal’s recent selloff prompted defensive re-entry by some investors, though overall sentiment remained restrained due to uncertainty around the Federal Reserve’s interest-rate trajectory.
Analysts noted that gold’s near-term direction will largely depend on incoming macro data and how it influences expectations for December policy action. Broader commodity markets also stayed quiet as volatility declined.
Gold prices held steady on November 17 as traders positioned cautiously ahead of several crucial US economic indicators expected this week, including inflation data, retail sales and labour-market prints. The metal’s recent selloff prompted defensive re-entry by some investors, though overall sentiment remained restrained due to uncertainty around the Federal Reserve’s interest-rate trajectory.
Analysts noted that gold’s near-term direction will largely depend on incoming macro data and how it influences expectations for December policy action. Broader commodity markets also stayed quiet as volatility declined.
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