XAU still depends on the US inflation rate
Atualizado
Although prices have dropped sharply, traders' strategies suggest that gold will rise higher in the near future based on market predictions about interest rate cuts by the US Federal Reserve (Fed). The CME Fedwatch tool shows interest rates will fall in September and could fall further in November and December, which would benefit gold.
According to a report published last Friday, the unemployment rate reached its highest level in 2.5 years. Data shows that the US labor market is weakening. According to the CME Fedwatch tool, the market is expecting a 78% chance that the Fed will begin its policy easing cycle at its September meeting. Additionally, more and more traders believe there will be another rate cut. another rate in December.
According to a report published last Friday, the unemployment rate reached its highest level in 2.5 years. Data shows that the US labor market is weakening. According to the CME Fedwatch tool, the market is expecting a 78% chance that the Fed will begin its policy easing cycle at its September meeting. Additionally, more and more traders believe there will be another rate cut. another rate in December.
Nota
BUY XAU 2358TP1: 2364
TP2: 2373
SL: 2350
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