Gold Posts Gains Despite Headwinds. Forecast as of 01.10.2024

If the price of gold has been rising despite headwinds, how high can it potentially soar if the headwinds change to tailwinds? The answer to this question depends on the pace of the Federal Reserve's monetary policy and the US labor market data. Let's discuss these topics and make a trading plan.Highlights and key points The correlation between gold and the US bond market is recovering. The trajectory of XAUUSD quotes will depend on the Fed's monetary expansion. The US labor market will guide th