Under normal circumstances, weaker consumer spending might prompt the Fed to expedite policy easing; however, the current landscape is far from ordinary, with inflation running well ahead of the 2.0% target and displaying extreme stickiness. For this reason, policymakers might refrain from taking preemptive action in response to indications of economic fragility.With the U.S.
Wondering how retail positioning can shape gold prices in the near term? Our sentiment guide provides the answers you are looking for—don't miss out, download the complimentary guide now! On the other hand, if sellers regain the upper hand and trigger a bearish reversal off current levels, the first floor to watch looms at $1,990, followed by $1,975. From here onwards, additional losses could shine a spotlight on the 200-day simple moving average near $1,965.