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Fri, Aug 11, 2023 09:45 PM
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Gold prices dipped this week due to inflation concerns ͏ ͏ ͏ ͏
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Gold prices dipped this week due to inflation concernsâÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â [GOLD PRICE LOGO]( WHERE THE WORLD CHECKS THE GOLD PRICE Gold Daily - August 11, 2023 [Gold Price Chart]( â±ï¸ Gold in 30 Seconds Current [Gold Spot Price]( $1,913.40 Happy Friday! We hope you've had a fruitful week of trading. In this [Weekly Market Wrap]( we take a closer look at the recent happenings in the gold market and the factors that influenced its performance. Gold prices dipped this week, largely due to concerns about inflation and its effect on decisions by the FOMC. A significant factor was the consumer inflation data for July. Though the data wasnât shocking, it got traders thinking about future moves by the FOMC, particularly around interest rates. Higher interest rates typically donât favor gold prices, which is why traders were a bit wary and we saw a decrease in gold investments. By mid-week, this sentiment sent gold prices down to around $1915 per ounce. On Thursday, the posted inflation figures were mostly in line with expectations, with a few slight deviations. Gold prices didnât plunge drastically, indicating traders had somewhat anticipated these numbers. Some market watchers held a sliver of hope that the FOMC might adjust their interest rate plans, but that remains to be seen. By Friday, gold prices seemed to find some stability around $1910 per ounce. Looking ahead to next week? Itâs a bit of a wild card. Mid-August tends to be quieter in the market. But there might be some buzz with the FOMC releasing their meeting minutes on Wednesday. That wraps it up! Wishing you all a great weekend, and letâs touch base next week for another market snapshot. [Read the Full Market Recap]( â [Shadow] [BUY GOLD & SILVER AT JM BULLION]( ð° Top Stories â ð¥ Gold Price RECAP: July 31 - August 4 Despite a sharp rally to begin the US session on Friday, gold prices are positioned to turn in another week of summertime losses this week... [Read More >]( ð¥ Gold Price RECAP: June 26 - June 30 Thanks to the US Independence Day holiday falling awkwardly on Tuesday, itâs been a choppy week of gold trading, but one that hasnât featured the wild swings in price or volatility that we might have expected... [Read More >]( â â [Shadow] [Twitter]( [Instagram]( Stay Informed - Get Our App! No longer want to receive these emails? [Unsubscribe](.
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