Mixed Central Bank Buying Patterns Keep Gold Market on Edge Gold prices have retreated slightly after a strong weekly rally, with the market focusing on central bank purchasing activities. While the People’s Bank of China paused its gold buying for a second consecutive month, India and Poland have added to their reserves. Despite this mixed signal, gold remains near $2,375 an ounce, supported by long-term investor confidence due to economic uncertainties and geopolitical tensions. The market is now anticipating Federal Reserve Chair Jerome Powell’s testimony and upcoming U.S. inflation data, which could influence expectations for interest rate cuts and, consequently, gold prices. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Misery Index vs. Consumer Sentiment: A Paradox in American Economic Perception READ MORE China Resumes Gold Buying READ MORE WGC: Is There a January Effect for Gold? READ MORE BullionStar Perspectives – Rick Rule – Wisdom and Insights from Legendary Mining Investor READ MORE Markets Navigate Trump Shooting Fallout: Dollar Stable, Bitcoin Jumps READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment