Hello everyone,
On March 15, the gold market saw a surge before the rising US dollar and Treasury yields nudged its price down from the peak. Gold is now around $2163 USD, against a mixed US economic backdrop. Retail sales increased by 0.6% in February 2024, below the 0.8% expected, while the core PPI stayed at 2%.
Speculation is that the Fed may be more cautious in its next moves. The strong dollar is drawing more investor interest, putting pressure on gold prices.
Keep an eye on this space for more updates, and may your investment choices be as wise as gold itself.
On March 15, the gold market saw a surge before the rising US dollar and Treasury yields nudged its price down from the peak. Gold is now around $2163 USD, against a mixed US economic backdrop. Retail sales increased by 0.6% in February 2024, below the 0.8% expected, while the core PPI stayed at 2%.
Speculation is that the Fed may be more cautious in its next moves. The strong dollar is drawing more investor interest, putting pressure on gold prices.
Keep an eye on this space for more updates, and may your investment choices be as wise as gold itself.
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