22 September 2023
Amid deteriorating European economic data and wary central bank decisions, gold stands firm. France’s services sector contraction intensifies concerns, prompting experts to scrutinize upcoming central bank actions. While central banks hint at maintaining high interest rates to combat inflation, global policy tightening sends jitters across markets. The rising dollar and treasury yields further cloud the outlook. Yet, amidst this turmoil, gold’s stability shines, reinforcing its role as a safeguard in uncertain times. Observers infer that central banks are more fearful of halted global growth than inflation.