Despite gold being overbought, the bulls are still in the driver's seat with the Feds Waller yesterday giving dovish statements ahead of the Feds blackout period.
It should also be noted that several prominent fund/money managers have predicted US rate cuts in the first quarter of 2024 and that combined with a developing pattern of softer US data should leave the dollar in a downward track and in turn leave gold and silver in upward tracks.
Along those lines, today's scheduled data could present a temporary dip in gold if US GDP readings match expectations of a minimal improvement...[MORE]
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