Gold rate outlook: Gold may stay volatile this week; investors eye US government funding and Fed signals
Gold rate outlook: Gold may stay volatile this week; investors eye US government funding and Fed signals
Gold and silver prices surged to record highs last week, fueled by a weaker US dollar, US government shutdown concerns, and expectations of Fed rate cuts. Volatility is expected to persist as investors monitor the US funding bill, labor data, and Federal Reserve commentary, reinforcing safe-haven demand amidst geopolitical uncertainties.
Gold and silver prices surged to record highs last week, fueled by a weaker US dollar, US government shutdown concerns, and expectations of Fed rate cuts. Volatility is expected to persist as investors monitor the US funding bill, labor data, and Federal Reserve commentary, reinforcing safe-haven demand amidst geopolitical uncertainties.