Gold Prices May Show Some Volatility
U.S. GDP data will direct gold prices, but is unlikely to define a strong trend. This data should likely prompt the direction of the US Federal Reserve's actions, and the potential for a rate increase. On the other hand, preliminary data will not have the final say. Therefore, I think it could be used as a reason to swing volatility. The gold trading range was quite narrow in recent days. I expect it could be extended between $1965 and the resistance of $2023.
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