Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

Gold Prices Uncertain After Inflation Data, Fed Ahead

Today's markets analysis on behalf of George Pavel General Manager at Middle East


March 15, 2024 ( Newswire) Gold prices continued to trade sideways after traders reacted to the stronger-than-expected US inflation data this week. The latter has stopped gold's surge after a three-week winning streak as traders reevaluate their expectations regarding the Federal Reserve's interest rate cuts this year. The unforeseen uptick in inflation has introduced a sense of uncertainty into the market, fueling price correction risks. At the same time, the resurgence in treasury yields this week has exerted additional downward pressure on gold prices.

However, markets continue to price in the start of interest rate cuts in June. Looking ahead, the trajectory of the gold market is likely to be heavily influenced by the outcome of the Federal Open Market Committee (FOMC) meeting next week. Investors could closely monitor the Federal Reserve's economic projections as well as its president's comments after the meeting for any indications of the central bank's stance on monetary policy as a hawkish tone could further weigh on gold prices.

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire

Global investors must adhere to regulations of each country. Please read privacy policy:

That's all it takes to get an article published on Investor Ideas - Learn More

Gold Mining Stocks - Gold Mining Stocks Directory, Gold Stocks News, Research and Resources

Investing ideas in gold and mining stocks

Like Gold Stocks? View our Gold / Mining Stocks Directory

Get News on Mining Stocks