Gold’s impressive appreciation stabilizes near record high The bulls might take a break, but stay in play above 2,100 Gold bulls staged a comeback with a bang, driving the price vertically as high as 2,141 on Tuesday. This is marginally below December’s record high of 2,144 and could induce some consolidation ahead of Powell’s testimony […]
U.S. Highlights Higher than expected retail sales in December suggests that consumer spending remained resilient to end the year. Several Fed governors sought to push back against market expectations for swift and significant rate cuts. The housing market ended 2023 on a sour note, with both new home construction and existing home sales falling in […]
The post The Weekly Bottom Line: A Resilient Consumer Dims Hopes for an Early Rate Cut appeared first on Action Forex.
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