Lates News

Institutional analysis points out that the continuation of the rise in the price of gold is due to the weakening of the US dollar and weaker than expected US retail sales, which boosted market expectations of further interest rate cuts. Gold price has once again risen above the $5100 mark. The next key catalyst will be the US non-farm payroll data to be released later, as well as the consumer price index to be released on Friday. Analysts from Rabobank International Group stated, "Today's employment report is a key event for the foreign exchange market. If the data is significantly weak, it may pave the way for market pricing of an interest rate cut in April."