Gold Prices Dropped Last Week: Amid fluctuating forecasts regarding the future performance of gold prices,
strong U.S. economic data came in last week from the Consumer Price Index and the Producer Price Index,
leading to expectations that a Federal Reserve interest rate cut may not happen soon.

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Key Economic Events Expected This Week
Drop in Gold Prices Last Week
Significant Drop in Bitcoin Price Over the Last Two Days

Key Economic Events Expected This Week

This week’s most important event will be the Federal Reserve meeting,
including the Federal Open Market Committee’s economic projections on interest rates.
Also, indicators such as manufacturing and services, purchasing managers’ indexes, building permits,
and existing home sales will be of focus in the United States.

Attention will also be directed towards interest rate decisions from Japan, the United Kingdom, Australia, and Switzerland.

In addition, inflation data from Canada, the United Kingdom, and Japan will be under the spotlight.
Markets will also analyze industrial and service sector PMIs from Australia, Japan, the Eurozone, and the United Kingdom.

Drop in Gold Prices Last Week

Given the uncertain forecasts about the future performance of gold,
strong economic data came out last week from the U.S. Consumer Price Index and Producer Price Index,
leading to the expectation that a Federal Reserve interest rate cut may not occur soon.
This will, of course, affect gold’s performance during the upcoming trading period.
With the upcoming Federal Reserve meeting next week,
Attention is being directed towards interpreting the bank’s new forecasts and statements
made by Federal Reserve Chair Jerome Powell during the press conference.
If we can interpret them as increasing the chances of a quick interest rate cut, gold prices may reach new record highs.

Significant Drop in Bitcoin Price Over the Last Two Days

Bitcoin experienced strong selling pressure the day before, dropping by nearly 10% after reaching record levels,
reflecting growing market concerns.
Despite the recent rise in Bitcoin’s price, increased market volatility has kept short-term investors anxious,
and this concern was exacerbated by the U.S. inflation data released this week.
The rise in the inflation index, coupled with an unexpected increase in the U.S. Producer Price Index,
added to the selling pressure on Bitcoin, raising concerns about the impact of the Federal Reserve’s policy on the cryptocurrency markets.

Gold Prices Dropped Last Week

Gold Prices Dropped Last Week

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