24 Hrs
Source:
اقتصاد سكاي نيوز عربية
Mohammad: Gold reacts more to US data
The gold market's sensitivity to US economic data is increasing, as the CEO of Target Investments stated that gold has become more influenced by US economic reports, affecting price movements. US economic data is highly significant for investors, as it helps determine future gold trends, with expectations of greater price volatility based on upcoming data results. At the same time, China is secretly purchasing gold and abandoning US bonds to boost its reserves, while the US Federal Reserve continues to monitor inflation and is expected to raise interest rates in December.
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