Commenting on the gold and silver outlook Renisha Chainani, Head Research – Augmont – Gold For All said that Gold price jumped 1% towards a record high again amid risk-off sentiment. According to a White House spokesperson, Iran may conduct a significant strike on Israel this week, potentially disrupting ongoing Gaza peace talks set for August 15. Markets are anticipating US inflation data to determine if the Federal Reserve will raise interest rates, following a dismal employment report that sparked recessionary worries and increased bets on rate cuts.
Chainani also added that the US PPI is coming on Tuesday, followed by the US CPI on…
