GOLD:buyers could positive if US GDP dismisses recession fears

Gold price is struggling to find its feet below $1,940 in the European session. Gold traders turn cautious ahead of the critical US GDP release, which could have a significant impact on the market sentiment, as well as, the US Dollar valuations.
The weakening economy should encourage the Fed to take a more dovish stance in the coming months, which should be favorable for gold.

评论: