It is expected that the price of XAUUSD today will increase shar
Updated
Gold prices attempted to continue their upward march after the US Bureau of Economic Analysis (BEA) reported in its final estimates that the economy grew 4.9% compared to previous estimates and figures. that's 5.2%.
This has led to a sharp sell-off of the US Dollar, which has been affected by rising expectations of interest rate cuts by the US Federal Reserve (FED). Few investors still believe that the US central bank will not lower interest rates sooner in the context of the US economy's ability to recover.
Gold prices found strength as final figures for Q3 Gross Domestic Product (GDP) landed at 4.9%, lower than expectations and previous figures of 5.2%.
Initial jobless claims (IJC) for the week ending December 15 were 205,000, slightly higher than the previous 203,000 but still below expectations of 215,000. Meanwhile, investors await core US PCE price index data for November, scheduled for release tomorrow. The Fed's preferred inflation index could provide clues about how long the central bank needs to keep interest rates on a constrained trajectory.
This has led to a sharp sell-off of the US Dollar, which has been affected by rising expectations of interest rate cuts by the US Federal Reserve (FED). Few investors still believe that the US central bank will not lower interest rates sooner in the context of the US economy's ability to recover.
Gold prices found strength as final figures for Q3 Gross Domestic Product (GDP) landed at 4.9%, lower than expectations and previous figures of 5.2%.
Initial jobless claims (IJC) for the week ending December 15 were 205,000, slightly higher than the previous 203,000 but still below expectations of 215,000. Meanwhile, investors await core US PCE price index data for November, scheduled for release tomorrow. The Fed's preferred inflation index could provide clues about how long the central bank needs to keep interest rates on a constrained trajectory.
Note
XAUUSD BUY 2046 - 2044TP1 2051
TP2 2056
SL2036.
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