Gold extends its positive run as the probability of the Federal Reserve lowering interest rates increases. A run of weak data from the US indicates inflationary pressures are waning, and interest rates could fall. The US Dollar weakens, adding a backwind to Gold, as counterparts in Europe strengthen on diminishing political risk.
Set against this, however, is falling political risk in Europe, which, despite a notable swing to the far right, is likely to remain in the hands of moderate coalitions. High central bank demand, which accounts for roughly a quarter of the Gold market, might also be easing.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: