🔴 Here are the most important developments:
• Gold was under pressure last week with the continued strength of the US dollar, which reached its highest levels since May.
• This strength of the dollar was driven by traders and investors ruling out any reductions in interest rates in the near term, especially after the strong release of Purchasing Managers’ Index data for both the industrial and services sectors last week.
• Investors are awaiting very important data this week that will strongly affect market movement.
• The US GDP statement on Thursday and the US inflation data on Friday. These data will determine the course of the Federal Reserve’s monetary policy.
👈 Today there are no important economic data.
