Gold prices rose modestly on Wednesday as the dollar weakened, investors awaited greater clarity on trade talks between the United States and its trading partners, and another PPI inflation data that could provide further guidance on the Federal Reserve's policy outlook.
Ross Norman, an independent analyst, said: "The dollar is now weakening ahead of the US PPI data as traders take a cautious stance following the recent rally, which has led to a modest rally in gold prices."
However, Ajay Kedia, head of Kedia Commodities, said the gold market had fallen below the $3,400 mark several times in spite of Mr. Trump's updated tariffs, after ANZ predicted in a note: "In the short term, gold prices could consolidate before rising again to $3,600 an ounce by the end of the year."
Analysts: Gold prices are rising modestly, and the market is waiting for the PPI data to respond
2025-07-16 10:05:13
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
分析师：金价温和上扬，市场等待 PPI 数据反应Next article：
美国执法部门缴获锡那罗亚贩毒集团超 1000 万美元加密货币
