XAUUSD : Gold is at its historic peak
Updated
World gold prices continue to climb and are at a historic peak due to the further weakening of the USD.
According to the CME FedWatch tool, the market is betting on a 100% chance that the US Federal Reserve will cut interest rates on September 18.
Earlier this week, Fed Chairman Jerome Powell said that recently released data "increases confidence" that inflation is falling sustainably toward the Fed's target level.
Many Fed policymakers also said they are increasingly optimistic that price inflation is on track and falling toward the 2% target mark.
According to the CME FedWatch tool, the market is betting on a 100% chance that the US Federal Reserve will cut interest rates on September 18.
Earlier this week, Fed Chairman Jerome Powell said that recently released data "increases confidence" that inflation is falling sustainably toward the Fed's target level.
Many Fed policymakers also said they are increasingly optimistic that price inflation is on track and falling toward the 2% target mark.
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✔️ TP : 2465
✔️ TP2 : 2470
❌ SL 2450
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