XAUUSD

Gold prices are supported by factors such as geopolitical tensions and China's suspension of exports of critical minerals and magnets. U.S. inflation data and Powell's statements may create volatility in gold prices. If the data comes in higher than expected, the Fed's hawkish stance could put pressure on gold. China’s GDP falling below expectations could raise concerns about global economic growth. Technically, it is expected that upward pricing will continue for the precious metal, which is in a bullish trend. Due to the markets being closed on Friday, sharp movements may be observed on Thursday under illiquid market conditions.