Reported 2 days ago
Gold prices fell over 2% this week, ending an eight-week winning streak as traders took profits amid ETF outflows and lower trade war tensions. Despite the decline, a softer CPI report fueled hopes for an upcoming Fed rate cut, stabilizing gold above $4,100/oz. With the Federal Open Market Committee meeting approaching, traders are keenly awaiting Chair Powell's insights on the economic impact of the ongoing government shutdown.
Source: YAHOO