Gold’s Battle of the Inevitables: Fed Follies and Political Cross‑Talk
Gold’s price is doing the classic sideways shuffle, nothing dramatic, but the plot thickens around what the Federal Reserve will do next.
What’s the vibe from the US data machine?
- Latest inflation numbers for May are whispering a slowdown, making the e‑a‑mmer’s eyes widen in hope that the Fed will cut rates twice this year.
- But the tug‑of‑war with some heavyweight FOMC members still keeps the music playing. They’re not in the same groove.
Why market gonzos are tuning into manufacturing traffic lights
The next set of US manufacturing data is set to drop in later today. A deeper slowdown could serve as a free pass for gold, nudging its value up.
Politics, politics… lots of politics!
The ever‑twisting political drama in America and Europe isn’t just a side affair—it’s a real lifeline for gold. President Joe Biden’s latest spar with his Republican rival, former President Donald Trump, is throwing a wrench into the political machinery, adding another layer of uncertainty that often makes investors reach for their shiny metal.
France’s game of political chess
The French parliamentary elections just added a new piece to the board. Uncertain whether the far‑right party will steer the direction of French policy, investors are eyeing the second round of votes with keen anticipation—gold might feel the ripple.
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