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 Stocks Head For Worst Week Since March 2023 READ MORE Powell's Speech and Job Data in Focus as Dollar Climbs on Yield Surge READ MORE Gold Wavers as U.S. Economic Slowdown Spurs Rate Cut Speculation READ MORE Crude Oil Rally Continues: Third Weekly Gain as Middle East Tensions Escalate READ MORE ZeroHedge: IEA, OPEC Divergence On Oil Demand Becomes Too Big To Ignore READ MORE Add a Comment Cancel replyYour email address will not be published.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