Gold slumbers in $2,580s ahead of US data, Fed decision

stabilizes at all-time highs as traders await US Retail Sales data and the key Fed policy decision on interest rates. Probabilities now favor a larger 0.50% cut to Fed base rates, which would boost the attractiveness of .

Analysts call a 10-year secular bull trend starting for commodities, including . plateaus in the $2,580s on Tuesday, ahead of the release of potentially market-moving US data later in the day and the Federal Reserve meeting on Wednesday. According to a recent “Flow Show” note from Bank of America Investment Strategist Jared Woodard, a “commodity secular bull market in the 2020s is just getting started as debt, deficits, demographics, reverse-globalization, AI & net-zero policies are all inflationary,” reported Kitco News.



Technical Analysis: Gold stalls in uptrend Gold’s price has peaked and plateaued in the $2,580s. The trend is bullish in the short, medium, and long-term. We have summarized this news so that you can read it quickly.

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