Jin10 data September 22 news, on Monday, gold prices soared to an all-time high as investors flocked to gold as a safe-haven asset following last week's U.S. rate cuts and the Fed signaling further easing. The market's subsequent focus includes a series of speeches from Fed officials and the upcoming key U.S. inflation data (Core PCE) to be released this week. Market analyst Tim Waterer stated that gold has once again held above today, with traders focusing on upside potential before the end of the year, driven by the Fed's expected further rate cuts. At the same time, the Central Bank's ongoing buying is also supporting gold's momentum. Waterer said, "If U.S. macro data continues to support the Fed's dovish narrative, gold may set a new all-time high this week."
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Jin10 data September 22 news, on Monday, gold prices soared to an all-time high as investors flocked to gold as a safe-haven asset following last week's U.S. rate cuts and the Fed signaling further easing. The market's subsequent focus includes a series of speeches from Fed officials and the upcoming key U.S. inflation data (Core PCE) to be released this week. Market analyst Tim Waterer stated that gold has once again held above today, with traders focusing on upside potential before the end of the year, driven by the Fed's expected further rate cuts. At the same time, the Central Bank's ongoing buying is also supporting gold's momentum. Waterer said, "If U.S. macro data continues to support the Fed's dovish narrative, gold may set a new all-time high this week."