GOLD Fluctuates with Macro Economy Conditions
Hello everyone! Today i want to share some macro analysis with u!
1.
$Gold - main 2412(GCmain)$ Thursday (31 October) Asian morning trading, spot gold high narrow oscillation, currently trading at 2787.36 ！Gold prices on Wednesday again refreshed record highs to $2,789.89 per ounce, as uncertainty over the U.S. presidential election boosted safe-haven demand, and traders are also waiting for economic data to provide clues to the Federal Reserve's policy path.
However, the U.S. economy grew solidly in the third quarter, with consumer spending growing at its fastest pace in a year and a half and inflation slowing sharply, continuing to break recessionary forecasts; this gave support to U.S. bond yields, making gold bulls wary. $XAU/USD(XAUUSD.FOREX)$
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