Gold prices fluctuate amidst economic data and risk aversion.

1 min read
Source: Kitco NEWS
TL;DR Summary

Gold and silver prices are lower due to the potential for a slowdown in global economic growth that would crimp consumer and commercial demand for metals. U.S. stock indexes are pointing towards slightly lower openings when the New York day session begins. Recent U.S. economic data has come in generally upbeat, including U.S. non-farm jobs growth above to well above 200,000 the past year. Barring an unexpected banking turmoil flare-up or major geopolitical shock occurring in the coming months, the U.S. economy will likely have successfully attained a "soft landing" and will be set for more sustained growth in 2024.

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