Gold may experience volatility and most probably downward pressure because of a stronger dollar but finds support from central bank demand. We’ll closely watch Fed Reserve statements and geopolitical events for price direction. I’ll watch the price action carefully.
Gold remains buoyant, around 2400 USD levels. The weakening dollar and declining bond yields are bolstering gold’s appeal amid rate cut expectations possibly in September. The outlook remains positive but ongoing inflation developments and interest rate expectations will be the key.
Another factor is the accumulation of gold by central banks.
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