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 Defying Expectations: Gold's Rally in a Strong Economic and Stock Market Environment READ MORE Gold's Upward Momentum Continues Amid Global Economic Uncertainty READ MORE No Immediate Rate Cuts: Fed Takes Cautious Stance on Inflation READ MORE Consumer Prices Cool: Inflation Hits 2.9% in Latest Report READ MORE Iran’s Strike Against Israel: Gold Nears Record High READ MORE Add a Comment Cancel replyYour email address will not be published.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