Sofia XAUUSD with profit!
The crucial US Consumer Price Index (CPI) will provide fresh cues about the Federal Reserve's (Fed) future rate hike path after the widely anticipated pause in September. A stronger US CPI print will reaffirm market bets for further policy tightening by the Fed, which, in turn, will set the stage for a fresh leg down for the non-yielding Gold price. It is worth mentioning that the markets have been pricing in the possibility of one more 25 basis points (bps) lift-off by the end of this year.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.