🟨 Gold Eases on Softer U.S. Data as Fed Rate-Cut Bets Persist
Gold prices retreated modestly as investors digested softer U.S. economic data and awaited key jobs and inflation reports that could shape the Federal Reserve’s interest-rate path. While bullion pulled back, it remains above major support and continues to benefit from rising rate-cut expectations.
Key Facts:
• Spot gold eased by about $30–$35 per ounce but stayed above $5,000, close to recent multi-week highs.
• Weaker U.S. retail sales and stagnant spending lifted expectations of interest-rate cuts, supporting non-yielding assets like gold.
• Prices retracted slightly ahead of key jobs and inflation releases, which could influence the Fed’s next move.
• Silver and other industrial metals showed mixed moves, reflecting broader commodity volatility around macro headlines.
Expert Insight:
Gold’s pullback reflects short-term profit-taking and cautious positioning ahead of critical U.S. data, not a fundamental shift in trend. As markets price in rate cuts later this year, bullion’s underlying support remains intact, especially so long as key support levels hold and the U.S. dollar stays soft.
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