Gold Seen Range-Bound as Fed Rate Pause Bets Grow
Gold prices are expected to stay range-bound, with support tied to rising expectations that the Federal Reserve will keep rates on hold through year-end after softer US inflation and employment data.
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Gold is expected to trade in a range even as market participants increasingly price in a Federal Reserve rate pause for the remainder of the year. The metal continues to draw support from that outlook.
Expectations for unchanged rates have been reinforced by softer US inflation and employment figures. That backdrop keeps gold supported, but the near-term bias remains range-bound rather than a clear directional break.
Source: FXStreet Forex News