While investors see sunny days ahead, recession clouds should rain on their parade in the months to come.
Exclusive Gold Price Forecasts
Gold price is higher, as the markets await series of economic data releases.
The yellow metal extends its consolidation, as markets await the Consumer Confidence data.
Higher interest rates and evaporating liquidity should have the gold price seeing red during the winter months.
Gold price is volatile after a long holiday weekend, but it’s still close to the $1,750 level.
The FOMC minutes’ malicious message highlights why the gold price should confront more downside in the months ahead.
Gold price remains close to the $1,750 level after bouncing from its Wednesday’s local low.
November FOMC minutes were interpreted as dovish, which improved the gold price outlook.
Will gold rise in response to the economic decline?