GOLD-Federal Reserve's Balanced Approach Ahead of Policy Meeting
* The upcoming release of the August U.S. Consumer Price Index (CPI) on Wednesday holds the potential to influence the Federal Reserve's interest rate strategy for the remainder of the year.
* In preparation for their scheduled policy-setting meeting later this month, Federal Reserve policymakers have articulated two key sentiments: They lack eagerness to raise interest rates, yet they remain cautious about declaring unequivocal success.
* A Reuters survey of economists indicates that the European Central Bank is likely to maintain its current interest rates on September 14. However, a significant portion of respondents—just under half—anticipate an additional rate hike later in the year as a measure to combat inflation.
GOLD
SELL LIMIT 1924 - 1926
🟢TP1: 1921
🟢TP2: 1917
🔴SL: 1930
* In preparation for their scheduled policy-setting meeting later this month, Federal Reserve policymakers have articulated two key sentiments: They lack eagerness to raise interest rates, yet they remain cautious about declaring unequivocal success.
* A Reuters survey of economists indicates that the European Central Bank is likely to maintain its current interest rates on September 14. However, a significant portion of respondents—just under half—anticipate an additional rate hike later in the year as a measure to combat inflation.
GOLD
SELL LIMIT 1924 - 1926 🟢TP1: 1921
🟢TP2: 1917
🔴SL: 1930
