XAUUSD : Gold prices are expecting interest rate cuts.
Updated
Slightly lower as economic data continues to improve, awaiting interest rate decisions from central banks.
Gold prices fell slightly today as the market lowered expectations for interest rate cuts and the US stock market recovered.
During the January 22 session, world gold prices decreased slightly when US economic data was better than expected and the market lowered expectations for interest rate cuts. The recovery of the US stock market also limited the recovery momentum of precious metals. In the long term, when the Fed decides to cut interest rates, gold will gain the necessary momentum to break out. Currently, gold is falling slightly to $2,020.
Looking ahead, the market will receive the US's fourth quarter GDP report, along with interest rate decisions from the ECB, BoJ, and Canada.
Gold prices fell slightly today as the market lowered expectations for interest rate cuts and the US stock market recovered.
During the January 22 session, world gold prices decreased slightly when US economic data was better than expected and the market lowered expectations for interest rate cuts. The recovery of the US stock market also limited the recovery momentum of precious metals. In the long term, when the Fed decides to cut interest rates, gold will gain the necessary momentum to break out. Currently, gold is falling slightly to $2,020.
Looking ahead, the market will receive the US's fourth quarter GDP report, along with interest rate decisions from the ECB, BoJ, and Canada.
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