Gold: Markets in “Wait and See Mode”

Gold has fallen from its six-and-a-half-year high of $ 1,586.22 an ounce at the beginning of the week and has been trading at $ 1,555.21 a troy ounce in the low on Tuesday morning. Risk appetite in the markets has increased again, as the conflict between the United States and Iran has yet to escalate.

“However, geopolitical tensions are still the focus and the markets are in a wait-and-see mode,” quotes the financial portal “Investing” Tapas Strickland from the National Australia Bank. The potential for a spiral of retaliation remains. it continues.

As the week progresses, economic data and the future monetary policy of the Federal Reserve Bank (Fed) will again come into focus. Speeches by Fed officials Richard Clarida, John Williams, James Bullard and Charles Evans are on Thursday. The US job market report for December will be released on Friday. The “Phase 1 Trade Agreement” between the United States and China is scheduled to be signed on January 15th.