Posted 10/27/2023, 5:35:00 PM
Gold Holds Steady Near $2,000 as Investors Wait on Fed Moves and Geopolitical Risks
- Gold trades around $2,000 as investors eye potential breakout following steady Fed policy
- Hawkish Fed stance keeps investors from buying gold ETFs, requiring break of $2,000 to prompt new inflows
- Geopolitical tensions continue supporting gold prices despite rising yields and stronger dollar
- Analysts warn U.S. debt crisis could unsettle bond yields, prompting Fed to step in and buy bonds
- Jobs and manufacturing data in focus next week alongside central bank meetings for guidance on economies
