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What’s been driving gold recently?
What’s gold next catalyst going to be? Any indication of a change in US monetary policy will be a major potential catalyst for gold. On Friday, Jerome Powell will speak, and markets will be looking for clues as to where he sees US monetary policy heading. If Jerome Powell signals ‘mission accomplished’ regarding the Fed hiking interest rates and rate cuts for 2024, then gold could rally on a weaker USD and falling yield picture. However, if Powell indicates higher interest rates to come, then gold’s downside could continue. Are gold prices expected to gain? According to Bloomberg’s Market’s Live Pulse ... (full story)