Gold is still under pressure from the gradually strengthening US
Investors are now focusing on US inflation data released at the end of the week to find a clearer direction for gold. According to experts, this wait-and-see mentality has also slowed down gold buying, even pulling gold prices down in the remaining sessions of the week.
Some experts said that if inflation data is released to increase, it will further reinforce the Fed's weak interest rate cut at its September meeting.
However, most experts believe that in the long term, the Fed's move to lower interest rates, combined with the net buying trend of central banks and continued geopolitical tensions in the Middle East, will act as fundamental factors for gold's price increase.
Some experts said that if inflation data is released to increase, it will further reinforce the Fed's weak interest rate cut at its September meeting.
However, most experts believe that in the long term, the Fed's move to lower interest rates, combined with the net buying trend of central banks and continued geopolitical tensions in the Middle East, will act as fundamental factors for gold's price increase.
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