Hello everyone! Today i want to share some macro analysis with you!
Spot gold weakened slightly in early trading on Monday (April 27), falling as much as 0.65% to $4,672.20, as the US-Iran peace talks stalled, oil prices jumped more than 2% on Monday, inflation concerns resurfaced, expectations for a Fed rate hike this year rose slightly, and the US dollar index rose slightly, all putting pressure on gold prices.
While the market continues to focus on further developments in the Middle East, its attention is shifting more towards this week's Fed rate decision. Prior to this, this week will also see rate decisions from the European Central Bank, the Bank of England, and the Bank of Japan. In addition, this week will also see the release of key US data, including first-quarter GDP and March PCE figures. $Gold - main 2606(GCmain)$$XAU/USD(XAUUSD.FOREX)$
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