Gold Rises, But Expectations of Tighter U.S. Monetary Policy Weigh — Market Talk
Bullish strength: 40/100
- Spot gold gained 0.6% to $3,898.35 per ounce.
- Falling oil prices or easing regional tensions could reduce inflation concerns and support gold.
Bearish strength: 60/100
- Expectations of tighter U.S. monetary policy weigh on non-yielding gold.
- A stronger-than-expected October employment report could reinforce expectations of tighter policy.
- Further supply disruptions could increase inflation concerns and keep bullion under pressure.
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