Page 5 - Gold Return News Today

A revised reading on third-quarter GDP showed the US economy grew slightly less than initially expected.

Dovish signals from the Fed helped the metal break above the key $2,000

Analysts say market participants will focus today on US Q3 GDP data and weekly jobless claims

Analysts say market participants are cautious ahead of the release of US GDP and inflation data, scheduled for later this week

Analysts say appreciation in the Rupee, which is trading at a 3-month high against the dollar, is checking the appreciation in Bullion prices

Market watchers expect the US Fed to cut interest rates in 2024, with the first one coming as soon as March 2024

The rally was sparked by market expectations of a rate cut by the US Federal Reserve

The US central bank highlighted slowing growth and easing inflation as reasons for the shift in narrative

A slight uptick in US core inflation appears to have bolstered US Fed view that interest rates may need to remain on hold for months to come

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