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Agency: If the backlog of data in the United States points to a cooling economy, gold is expected to rebound next week

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2025-11-15 04:58:09
Stephen Innes, managing partner at SPI Asset Management, said that the US government will release a backlog of important data, including employment and inflation indicators, after the reopening of the US government, and the market expects these data to soften. Weaker US data could depress US Treasury yields, reignite market expectations for a rate cut in early 2026, and provide room for a rebound for gold, which had been squeezed by rising real yields. The recent pullback in gold prices looks more like a position correction than a trend shift. The outlook for gold remains skewed positive, with investors closely watching US real yields, a weaker dollar and upcoming data. If the data point to a cooling US economy, gold is expected to rebound next week. (Golden Ten)
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