Gold Analysis July 28 - Gold consolidates waiting for the Fed's

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Gold Analysis July 28 - Gold consolidates waiting for the Fed's GOLD (US$/OZ)TVC:GOLDBlogngoaihoiGold Analysis July 28 – Gold rose to near 4120 on Monday after US-Iran attacks temporarily paused, opening up the possibility of resumed negotiations. However, gold prices pulled back to fill the "gap-up," driven by market expectations of a tightening monetary policy by the Federal Reserve (Fed). Geopolitical factors continue to impact the financial market. Over the weekend, the White House temporarily halted attacks, contributing to positive market sentiment. Additionally, US President Donald Trump stated that Iran wants to meet and that both sides are meeting, adding that "there is a possibility we could reach a deal with Iran." These softer geopolitical statements, following the temporary cessation of hostilities between the US and Iran, pave the way for potential diplomatic actions, easing inflation concerns and dampening expectations of a Federal Reserve interest rate hike in the coming months. This supported the rise in gold prices right at the market open for the new week. Read the full analysis on the forex blog website : https://blogngoaihoi (.)co/