Gold Futures Flat Amid Expectations of Central Bank Decisions

24 lug 2023

Gold futures are steady during Asian morning trade, but market analysts predict increased volatility in the upcoming week. Diego Colman, a strategist at Daily FX, anticipates a 25-basis point increase in borrowing costs by the Federal Reserve, raising them to 5.25%-5.50%, at the conclusion of the July meeting on Wednesday. Additionally, investors are closely monitoring interest rate decisions from the European Central Bank and the Bank of Japan. Spot gold remains relatively unchanged at $1,961.09/oz.

GOLD SELL 1964- 1966💯💯

✅ TP1: 1959
✅ TP2: 1952

🛑 SL: 1970