Restrictions on gold trading during release of U.S. economic dataDeltafx Admin 25 January 2023
Gold posted limited gains ahead of U.S. economic data.Gold prices were largely unchanged on Wednesday, trading in a narrow range as investors avoided riskier trades ahead of the release of U.S.
conomic data this week. At the same time, economic analysts predict the U.S. Federal Reserve will raise interest rates at a slower pace than in the past, which has led to continued optimism in gold prices.
After reaching its highest level since late April 2022 on Tuesday, gold prices rose to $1,937.09 an ounce today. Meanwhile, in the U.S. markets, gold prices rose 0.2% to $ 1940.00 per ounce.