Mitsubishi UFJ: Strong US economic data weighs on gold as markets wait for a clear outlook
2025-07-18 07:58:00
Gold futures edged up in relatively light trading, but are expected to end the week slightly lower on the uncertain outlook for Fed rate cuts and resilient US economic data. Analysts at MUFG said in a note that strong initial requests and retail sales data had kept the market cautious ahead of the next Fed meeting. Still, gold prices are up 27 per cent year-to-date on geopolitical risks and concerns about dollar-denominated assets stemming from the dollar's slide. Analysts added that gold prices have been in range-bound territory recently as the market awaits further clarity on the outlook for US trade policy, tariffs and interest rate cuts.
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