top of page
Laxmi Diamonds.png

Gold price retreats from weekly top


Gold Price retreats from the weekly top, probing a two-day uptrend around $1,972 amid early hours of Thursday’s Asian session, as markets await more clues to defend the post-Federal Reserve (Fed) gains of the yellow metal.


Also likely to have weighed on the gold price could be the cautious mood ahead of the first readings of the US Gross Domestic Product (GDP) for the second quarter (Q2) and the European Central Bank’s (ECB) monetary policy meeting.


Above all, the Federal Reserve and Chairman Jerome Powell’s inability to guide the market by meeting the 0.25% rate hike and leaving the door open for the September rate increase favored the Gold buyers before the pre-data anxiety prods the metal.



For more Updates Do follow us on Social Media

Facebook Page https://bit.ly/3blw5Rg

Instagram https://bit.ly/3MsRHbP

YouTube https://bit.ly/3LjGj2L

Twitter https://bit.ly/3E9IO5U

Linkedin https://bit.ly/3M17Xlk

WhatsApp Group https://bit.ly/JEWELBUZZ

10 views
bottom of page