DailyFX/Diego Coleman/7-30-2022
“With the economy on the brink of recession by some metrics, Federal Reserve officials may pivot to a more dovish stance later this year. Softening incoming data in the macro front may prompt traders to start preparing for this scenario, reinforcing the yellow metal’s appeal in the near term.”
USAGOLD note: Coleman goes on to say a line-up of economic reports due this week are “likely to show a further slowdown in economic growth” – an environment in which “gold could thrive.”
