Sphyn-Trader

XAUUSD: Weaker PPI figures boost GOLD

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Greetings to all traders! I have some valuable trading-related information that I would like to share with you ❤️

In the US, weaker PPI figures and an increase in jobless claims have led to a boost in stocks during the afternoon. This has resulted in the market hoping for more negative news to influence the Fed to pause beyond the next meeting. However, the possibility of 'no change' at the upcoming meeting is not very likely.

Predicting continuation of the uptrend GOLD

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