Monetary policy outlook
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Gold Rises With Focus on Upcoming U.S. Data
Barrons· 2026-01-06 09:56
Core Viewpoint - Gold prices are experiencing gains as investors anticipate key U.S. economic data that may influence monetary policy outlook [1][2] Group 1: Market Performance - New York futures for gold increased by 0.6% to $4,479.90 per troy ounce [1] - The U.S. dollar index remained stable at 98.24 [1] - Gold's recent rise was partly driven by the U.S. capture of Venezuela's President Nicolas Maduro, which heightened demand for safe-haven assets [1] Group 2: Future Outlook - Gold has recently achieved its strongest annual performance since 1979 [2] - In the short term, gold prices may face downward pressure due to commodity index rebalancing, which could lead passive funds to reduce their positions following last year's significant rally [2]