Gold benefits from economic slowdown. Forecast as of 16.02.2024

Gold got back to above $2,000 an ounce on the first signs of cracks in the US economy. If the process continues, the Fed will be forced to cut rates earlier. Let’s discuss it and make a trading plan.Weekly fundamental forecast for goldBut if it wasn't for bad luck, they wouldn't have any luck. A slowdown of US retail sales to 0.8% and a downward revision of previous values to +0.4% have become a gulp of fresh air for gold. The precious metal got back to above the psychological level of $2,