Gold prices continue to trade above the key £1,566 ($2,000) level, with prices hovering around £1,586 ($2,025) yesterday (Tuesday). The bulls are showcasing their solid footing, as markets await more clues from the Federal Reserve around the timing of rate cuts.
More economic data is expected tomorrow and Friday, which will then feed into the Feds’ planned policy meeting coming at the end of this month. The conclusion of that meeting should shed more light on the timing of the first rate cuts.
Don’t miss out. Buy gold now before activity intensifies.
