XAU increased slightly in the first trading session of the week
Updated
Currently, investors are waiting for the personal consumption expenditures price index (PCE), the preferred inflation measure of the US Federal Reserve (FED), expected to be announced on January 31. 5 for more clues about the future direction of Fed policy.
The gold market will be sensitive to inflation data. Accordingly, if the report shows falling price pressure, it will increase expectations of FED interest rate cuts and boost gold prices. On the contrary, if PCE is higher than the market forecast, gold prices may fall even deeper.
The gold market will be sensitive to inflation data. Accordingly, if the report shows falling price pressure, it will increase expectations of FED interest rate cuts and boost gold prices. On the contrary, if PCE is higher than the market forecast, gold prices may fall even deeper.
The gold market will be sensitive to inflation data. Accordingly, if the report shows falling price pressure, it will increase expectations of FED interest rate cuts and boost gold prices. On the contrary, if PCE is higher than the market forecast, gold prices may fall even deeper.
The gold market will be sensitive to inflation data. Accordingly, if the report shows falling price pressure, it will increase expectations of FED interest rate cuts and boost gold prices. On the contrary, if PCE is higher than the market forecast, gold prices may fall even deeper.
Note
SELL XAU 2357 - 2359TP1: 2350
TP2: 2345
SL: 2367
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