{"id":111506,"date":"2024-01-24T09:02:59","date_gmt":"2024-01-24T09:02:59","guid":{"rendered":"https:\/\/kinesis.money\/?p=111506"},"modified":"2024-01-24T11:23:03","modified_gmt":"2024-01-24T11:23:03","slug":"gold-range-bound-as-markets-await-further-signals","status":"publish","type":"post","link":"https:\/\/kinesis.money\/tr\/market-analysis\/gold-news\/gold-range-bound-as-markets-await-further-signals\/","title":{"rendered":"Gold Price News: Gold Range Bound As Markets Await Further Signals"},"content":{"rendered":"\n

Gold prices were showing little direction on Monday and Tuesday, with the market treading water ahead of further data announcements this week.<\/p>\n\n\n\n

Gold was changing hands at around $2,025 an ounce late Tuesday afternoon, compared with $2,021 an ounce<\/a> late Monday. Prices did manage a brief spike to $2,038 on Tuesday but there was little momentum behind the move, leaving prices to fall back later in the day.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Looking ahead this week, Thursday will see a flurry of data announcements. The ECB is set to make an interest rate decision followed by a press conference. There is little chance of any surprises here as the markets widely expect the bank to maintain current rates at 4.5% in an ongoing effort to keep inflation under control. Nevertheless, there may be further clues about the outlook for EU monetary policy going forward.<\/p>\n\n\n\n

Thursday will also see the release of US Durable Goods Orders for December and the GDP growth rate for Q4, both of which may provide more signals on the health of the US economy.<\/p>\n\n\n\n

Recent strength in the US economy has provided the Fed with more leeway to maintain higher rates for longer, forcing traders to dial back their expectations of cuts as soon as March.<\/p>\n\n\n\n

As of Tuesday, data from interest rate traders indicates only a 40% probability that the Fed will cut rates by 25 basis points at its March 20 meeting, according to the CME FedWatch Tool<\/a>. Higher interest rates are bearish for non-yield-bearing assets such as gold and silver, as they raise the opportunity cost of storing wealth in such investments.<\/p>\n\n\n\t\t\t

\n\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t

Frank\u2019s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets.\u00a0<\/em>He has worked as a senior editor for S&P Global Commodity Insights<\/a>\u00a0(formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.<\/em><\/p>\n

This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.<\/i>
\nRead our Editorial Guidelines\u00a0<\/i>here.<\/a><\/i><\/p>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t","protected":false},"excerpt":{"rendered":"

Gold prices were showing little direction on Monday and Tuesday, with the market treading water ahead of further data announcements this week.<\/p>\n","protected":false},"author":50,"featured_media":111627,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[215,91],"tags":[],"class_list":["post-111506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-news","category-market-analysis"],"acf":[],"yoast_head":"\nGold Range Bound As Markets Await Further Signals | Kinesis<\/title>\n<meta name=\"description\" content=\"Discover Kinesis' gold news analysis for today, Wednesday 24th of January 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"tr_TR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold Range Bound As Markets Await Further Signals\" \/>\n<meta property=\"og:description\" content=\"Discover Kinesis' gold news analysis for today, Wednesday 24th of January 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-range-bound-as-markets-await-further-signals\/\" \/>\n<meta property=\"og:site_name\" content=\"Kinesis\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-24T09:02:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-24T11:23:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/01\/gold-news-feature-image-Gold-Range-Bound-As-Markets-Await-Further-Signals.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"529\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Frank Watson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Gold Price News: Gold Range Bound As Markets Await Further Signals\" \/>\n<meta name=\"twitter:label1\" content=\"Yazan:\" \/>\n\t<meta name=\"twitter:data1\" content=\"Frank Watson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tahmini okuma s\u00fcresi\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 dakika\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-range-bound-as-markets-await-further-signals\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-range-bound-as-markets-await-further-signals\\\/\"},\"author\":{\"name\":\"Frank Watson\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/11c4884f9d074d6831f53e287228bf52\"},\"headline\":\"Gold Price News: Gold Range Bound As Markets Await Further Signals\",\"datePublished\":\"2024-01-24T09:02:59+00:00\",\"dateModified\":\"2024-01-24T11:23:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-range-bound-as-markets-await-further-signals\\\/\"},\"wordCount\":269,\"image\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-range-bound-as-markets-await-further-signals\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/gold-news-feature-image-Gold-Range-Bound-As-Markets-Await-Further-Signals.jpg\",\"articleSection\":[\"Gold News\",\"Market Analysis\"],\"inLanguage\":\"tr\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-range-bound-as-markets-await-further-signals\\\/\",\"url\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-range-bound-as-markets-await-further-signals\\\/\",\"name\":\"Gold Range Bound As Markets Await Further Signals | Kinesis\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-range-bound-as-markets-await-further-signals\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-range-bound-as-markets-await-further-signals\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/gold-news-feature-image-Gold-Range-Bound-As-Markets-Await-Further-Signals.jpg\",\"datePublished\":\"2024-01-24T09:02:59+00:00\",\"dateModified\":\"2024-01-24T11:23:03+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/11c4884f9d074d6831f53e287228bf52\"},\"description\":\"Discover Kinesis' gold news analysis for today, Wednesday 24th of January 2024, from leading precious metals analyst Frank Watson.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-range-bound-as-markets-await-further-signals\\\/#breadcrumb\"},\"inLanguage\":\"tr\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-range-bound-as-markets-await-further-signals\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"tr\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-range-bound-as-markets-await-further-signals\\\/#primaryimage\",\"url\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/gold-news-feature-image-Gold-Range-Bound-As-Markets-Await-Further-Signals.jpg\",\"contentUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/gold-news-feature-image-Gold-Range-Bound-As-Markets-Await-Further-Signals.jpg\",\"width\":960,\"height\":529,\"caption\":\"gold news jan 2024\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-range-bound-as-markets-await-further-signals\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/kinesis.money\\\/tr\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold Price News: Gold Range Bound As Markets Await Further Signals\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#website\",\"url\":\"https:\\\/\\\/kinesis.money\\\/\",\"name\":\"Kinesis\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/kinesis.money\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"tr\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/11c4884f9d074d6831f53e287228bf52\",\"name\":\"Frank Watson\",\"description\":\"Frank\u2019s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets. He has worked as a senior editor for S&P Global Commodity Insights (formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.\u00a0 Earlier in his career, Frank covered precious metals, base metals and energy markets, writing for AFX News (Agence France-Presse), the English-speaking financial arm of the French state-owned news agency, AFP. He produced daily precious and base metals market reports for AFX News, focused on key market movements and the factors shaping price evolution. He holds a BA in Graphic Design with Photography from the University of Wolverhampton and an MSC in Information Systems from the University of Sheffield.\u00a0\",\"jobTitle\":\"Precious Metals Market Analyst\",\"url\":\"https:\\\/\\\/kinesis.money\\\/tr\\\/author\\\/frankwatson\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Gold Range Bound As Markets Await Further Signals | Kinesis","description":"Discover Kinesis' gold news analysis for today, Wednesday 24th of January 2024, from leading precious metals analyst Frank Watson.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"tr_TR","og_type":"article","og_title":"Gold Range Bound As Markets Await Further Signals","og_description":"Discover Kinesis' gold news analysis for today, Wednesday 24th of January 2024, from leading precious metals analyst Frank Watson.","og_url":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-range-bound-as-markets-await-further-signals\/","og_site_name":"Kinesis","article_published_time":"2024-01-24T09:02:59+00:00","article_modified_time":"2024-01-24T11:23:03+00:00","og_image":[{"width":960,"height":529,"url":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/01\/gold-news-feature-image-Gold-Range-Bound-As-Markets-Await-Further-Signals.jpg","type":"image\/jpeg"}],"author":"Frank Watson","twitter_card":"summary_large_image","twitter_title":"Gold Price News: Gold Range Bound As Markets Await Further Signals","twitter_misc":{"Yazan:":"Frank Watson","Tahmini okuma s\u00fcresi":"3 dakika"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-range-bound-as-markets-await-further-signals\/#article","isPartOf":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-range-bound-as-markets-await-further-signals\/"},"author":{"name":"Frank Watson","@id":"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52"},"headline":"Gold Price News: Gold Range Bound As Markets Await Further Signals","datePublished":"2024-01-24T09:02:59+00:00","dateModified":"2024-01-24T11:23:03+00:00","mainEntityOfPage":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-range-bound-as-markets-await-further-signals\/"},"wordCount":269,"image":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-range-bound-as-markets-await-further-signals\/#primaryimage"},"thumbnailUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/01\/gold-news-feature-image-Gold-Range-Bound-As-Markets-Await-Further-Signals.jpg","articleSection":["Gold News","Market Analysis"],"inLanguage":"tr","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/kinesis.money\/#organization"}},{"@type":"WebPage","@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-range-bound-as-markets-await-further-signals\/","url":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-range-bound-as-markets-await-further-signals\/","name":"Gold Range Bound As Markets Await Further Signals | Kinesis","isPartOf":{"@id":"https:\/\/kinesis.money\/#website"},"primaryImageOfPage":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-range-bound-as-markets-await-further-signals\/#primaryimage"},"image":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-range-bound-as-markets-await-further-signals\/#primaryimage"},"thumbnailUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/01\/gold-news-feature-image-Gold-Range-Bound-As-Markets-Await-Further-Signals.jpg","datePublished":"2024-01-24T09:02:59+00:00","dateModified":"2024-01-24T11:23:03+00:00","author":{"@id":"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52"},"description":"Discover Kinesis' gold news analysis for today, Wednesday 24th of January 2024, from leading precious metals analyst Frank Watson.","breadcrumb":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-range-bound-as-markets-await-further-signals\/#breadcrumb"},"inLanguage":"tr","potentialAction":[{"@type":"ReadAction","target":["https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-range-bound-as-markets-await-further-signals\/"]}]},{"@type":"ImageObject","inLanguage":"tr","@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-range-bound-as-markets-await-further-signals\/#primaryimage","url":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/01\/gold-news-feature-image-Gold-Range-Bound-As-Markets-Await-Further-Signals.jpg","contentUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/01\/gold-news-feature-image-Gold-Range-Bound-As-Markets-Await-Further-Signals.jpg","width":960,"height":529,"caption":"gold news jan 2024"},{"@type":"BreadcrumbList","@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-range-bound-as-markets-await-further-signals\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/kinesis.money\/tr\/"},{"@type":"ListItem","position":2,"name":"Gold Price News: Gold Range Bound As Markets Await Further Signals"}]},{"@type":"WebSite","@id":"https:\/\/kinesis.money\/#website","url":"https:\/\/kinesis.money\/","name":"Kinesis","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/kinesis.money\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"tr"},{"@type":"Person","@id":"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52","name":"Frank Watson","description":"Frank\u2019s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets. He has worked as a senior editor for S&P Global Commodity Insights (formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.\u00a0 Earlier in his career, Frank covered precious metals, base metals and energy markets, writing for AFX News (Agence France-Presse), the English-speaking financial arm of the French state-owned news agency, AFP. He produced daily precious and base metals market reports for AFX News, focused on key market movements and the factors shaping price evolution. He holds a BA in Graphic Design with Photography from the University of Wolverhampton and an MSC in Information Systems from the University of Sheffield.\u00a0","jobTitle":"Precious Metals Market Analyst","url":"https:\/\/kinesis.money\/tr\/author\/frankwatson\/"}]}},"post_thumbnails":{"large":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/01\/gold-news-feature-image-Gold-Range-Bound-As-Markets-Await-Further-Signals.jpg","small":""},"_links":{"self":[{"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/posts\/111506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/comments?post=111506"}],"version-history":[{"count":0,"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/posts\/111506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/media\/111627"}],"wp:attachment":[{"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/media?parent=111506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/categories?post=111506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kinesis.money\/tr\/wp-json\/wp\/v2\/tags?post=111506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}