NicoTradingMaster

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In a historic week for precious metals, gold futures broke past records to hit new highs. Markets are now turning their attention to next week’s Federal Open Market Committee (FOMC) meeting.

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The August CPI report showed that core US inflation remains high, which is unlikely to prompt the Fed to cut interest rates by 50 basis points. Inflation has not fallen as expected, and if the Fed cuts by 50 basis points next week, it will mean that the US Central Bank is surrendering to inflation. Most economists participating in the survey believe that the Fed...

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Central bank demand for gold is a key factor that has been a catalyst for the gold price rally. She said that gold continues to outperform other commodities as demand for the precious metal increases, especially from central banks in emerging markets. The precious metal's role as a natural hedge against inflation and currency devaluation. At the same time, in an...

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Previously, gold was under pressure from expectations of a 50 basis point interest rate cut by the US Federal Reserve (Fed) at its policy meeting next week, which is cooling down after the August consumer price index report increased. According to the latest report, the US CPI in August increased by 2.5% compared to the same period, lower than the forecast of...

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Despite short-term volatility, the precious metal remains an attractive investment in the long term as global government debt rises and interest rates fall. The direction of gold in the coming period will largely depend on the Fed's interest rate policy. If the next US economic data remains gloomy, the Fed will cut more. This will help gold prices conquer new highs.

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Experts predict that the possibility of the Fed cutting interest rates by 25 basis points is increasing, which could make gold prices vulnerable in the coming time. The August jobs report is forecast to be insufficient for the Fed to cut by 50 basis points on September 18. This is unlikely to help gold reach new peaks.

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At the beginning of the trading session in the US market, the world gold price increased, investors increased their gold purchases. The US August employment report was gloomy, pushing up expectations for the US Federal Reserve (Fed) to loosen monetary policy. , the possibility of the Fed cutting interest rates by 25 basis points is increasing, which could make...

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Experts say that the direction of gold in the coming time will still depend mainly on the Fed's interest rate policy. If the next economic data of the US is still gloomy, the Fed will cut more. This will help gold prices conquer new peaks.

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Gold traders are calm on the first trading day of the week as there are several important economic events that will impact the price of the precious metal. The USD index has shown strength considering recent data, but gold traders remain optimistic that gold prices will continue to move higher as the precious metal has remained above key levels over the past...

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A record displaying a weakening U.S. exertions marketplace on Friday may want to assist the Fed decide whether or not to reduce hobby charges through 25 or 50 foundation factors at its subsequent meeting. Lower hobby charges could weaken the greenback however notably growth the enchantment of non-yielding property along with gold. Gold fees have risen extra than...

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Gold’s struggles come as the US dollar, which fell to a one-year low last month and entered oversold territory, is seeing a modest shift in momentum. While September has been a tough month for gold in recent years, analysts do not see the bullion’s bullish trend ending. Looking beyond the near-term weakness, they see central bank buying continuing to provide...

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Gold prices rose 0.8% on Thursday after a report showed U.S. payrolls fell to their lowest level since early 2021 last month. The sharp drop in new jobs suggests a weakening U.S. labor market, which could prompt the Fed to cut interest rates soon to stimulate the economy. Friday's report showing a weakening U.S. labor market could help the Fed determine whether...

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A major US bank, believes that gold is currently a safe investment asset against inflation. They predict that by early 2025, the price of gold could increase to $2,700/ounce, equivalent to VND82 million/tael. Central banks' gold purchases have tripled since mid-2022 due to concerns about US financial sanctions. The upcoming interest rate cut by the US Federal...

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Gold stays strong with the principle uptrend withinside the quick, medium and lengthy time period. After receiving help from the principle confluence referred to with the aid of using readers withinside the preceding problem on the 0.618% Fibonacci extension, EMA21 and the decrease fringe of the rate channel, the rate has expanded to attain the restoration goal...

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US inflation is on the decline, leading observers to expect the US Federal Reserve (Fed) to cut interest rates sharply for the rest of the year. In fact, US inflation remains at 2.9%, far from the Fed's target of 2%. If interest rates are cut too sharply, the monetary easing policy could cause inflation to return quickly. Therefore, as soon as there is a positive...

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Gold traders are calm on the first trading day of the week as there are several important economic events that will impact the price of the precious metal. The USD index has shown strength considering recent data, but gold traders remain optimistic that gold prices will continue to move higher as the precious metal has remained above key levels over the past...

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Investors are worried about the possibility of further declines in gold prices after the US Federal Reserve (Fed) cuts interest rates in September. Recent economic news has led the gold market to shape the high probability of the Fed cutting interest rates by 25 basis points. One of the most worrying things in the short term for gold is that recent positive...

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Gold is likely to trade sideways or slightly lower, and could only see a sharp move when US inflation data is released, said David Meger, director of metals trading at High Ridge Futures. Experts said that China's gold imports started to increase by 17% in July, marking the first increase since March, which is also good news and important support for the world...