The gold market will stabilize after the election

4 de nov.

The focus of the financial market is the US presidential election, which is about to enter a key moment. According to poll results, former President Donald Trump and Vice President Kamala Harris compete fiercely. However, investors are taking cues from the betting market, which has shifted in Mr. Trump's favor.

The USD hit a 3-month high on data showing the US economy remains strong and Trump's victory is likely.

Fed policymakers are almost certain the US Federal Reserve (Fed) will cut interest rates at its November meeting. The Fed's next policy meeting is expected to begin immediately after the election US President on November 5. The Fed's first rate cut in September brought the policy rate down to a range of 4.75-5%.

Data released last week showed that the core personal consumption expenditure index (excluding food and energy prices) increased 2.7% in 12 months. Inflation has remained at this level for the past 3 months.

🔥 XAUUSD BUY LIMIT 2733 - 2731🔥

✔️ TP1: 2755
✔️ TP2: 2765
✔️ TP3: OPEN

🚫SL: 2724

🔥 XAUUSD SELL LIMIT 2753 - 2751🔥

✔️ TP1: 2745
✔️ TP2: 2735
✔️ TP3: OPEN

🚫SL: 2760