Easy Order News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Gold prices experienced a brief uptick due to escalating geopolitical tensions. Recent conflicts, such as the drone attack on US bases near Jordan, have increased demand for gold as a haven asset. Additionally, economic factors like the moderate increase in US Core Personal Consumption Expenditures (PCE) data have influenced inflation expectations, further supporting gold's position. This week, gold market volatility could escalate with the Federal Reserve's interest rate decision, expected to remain steady in the 5.25-5.50% range. However, investors will watch for any new guidance on interest rates, which could influence gold's future direction. Additionally, the ISM Manufacturing PMI and Nonfarm Payrolls (NFP) report for December could also play a significant role in determining gold's short-term trajectory.

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