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?
Comment:
Sell 1949 + 40pips
Comment:
Binance and SEC reach agreement to avoid asset freeze order
Comment:
Gold rose slightly, waiting for the decision of the US Federal Reserve
Comment:
The markets were impacted by the Federal Reserve's decision today, and Nvidia's valuation crossed the $1 trillion mark.
Comment:
Sell 1952 -> 1945.7 +60pips
