Gold Prices Flat in Early Asian Trading Amid Fed Policy Uncertainty and Central Bank Demand
Deep News
Nov 24
Gold prices remained steady during the Asian trading session. Spot gold held firm at $4,065.09 per ounce.
Julian Pineda, a market analyst at Forex.com under StoneX, noted in a commentary that market expectations for the Federal Reserve's next monetary policy move are shifting following the release of U.S. jobs data, creating a sense of "indecision." However, he added that central bank demand for gold remains robust.
Pineda stated that the combination of these factors appears to be keeping gold prices neutral in the long term. "If this dynamic persists, gold's hesitant trend may continue in the near term," he added.
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