Gold stabilized around $1,960 per ounce on Monday, with investors anticipating interest rate decisions from major central banks in the coming week.
The US Federal Reserve is expected to implement a 25 basis point interest rate hike on Wednesday, and market participants will closely monitor Fed Chair Jerome Powell's post-meeting remarks for insights into the central bank's future plans.
Additionally, the European Central Bank is likely to raise rates by another quarter-point on Thursday, while the Bank of Japan is expected to maintain its ultra-low interest rate policy unchanged on Friday.
Furthermore, market focus remains on the Fed-preferred PCE inflation gauge and the advance estimate of Q2 GDP growth in the US, both scheduled for release this week.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.