Investors are waiting for the Federal Reserve rate decision, causing the gold market to decline this week.
The market is reconsidering its expectations for a rate cut on Wednesday and a possible rate hike in July.
If core inflation stays between 3% and 3.5% by year-end, the market won't expect any rate cuts from the Fed.
Today, the gold market is interested in updated economic forecasts, dot charts, and Fed Chairman Jerome Powell's press conference.
A sudden rate hike could cause prices to fall to $1,900, the lowest level since mid-March.
Currently, gold prices range between $1,935 and $1,983 per ounce.
I'm considering selling about 1949-1952
Do you have any ideas about gold?
The market is reconsidering its expectations for a rate cut on Wednesday and a possible rate hike in July.
If core inflation stays between 3% and 3.5% by year-end, the market won't expect any rate cuts from the Fed.
Today, the gold market is interested in updated economic forecasts, dot charts, and Fed Chairman Jerome Powell's press conference.
A sudden rate hike could cause prices to fall to $1,900, the lowest level since mid-March.
Currently, gold prices range between $1,935 and $1,983 per ounce.
I'm considering selling about 1949-1952
Do you have any ideas about gold?
Note
Sell 1949 + 40pipsNote
Binance and SEC reach agreement to avoid asset freeze orderNote
Gold rose slightly, waiting for the decision of the US Federal ReserveNote
The markets were impacted by the Federal Reserve's decision today, and Nvidia's valuation crossed the $1 trillion mark.Note
Sell 1952 -> 1945.7 +60pips
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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.