World gold prices increased

5 dic

Speaking in an interview with the press hosted by the New York Times yesterday, Chairman of the US Federal Reserve (FED) - Jerome Powell - said the US economy is now stronger than when the FED started cutting interest rates in September.

According to Mr. Powell, the positive news is that the FED can be more careful in setting neutral interest rates - interest rates that do not promote or inhibit growth. However, the FED Chairman did not directly mention the FED's policy direction at the meeting from December 17 to 18. However, some analysts believe that the FED's interest rate reduction process may slow down.

Gold prices often react sensitively to changes in the FED's interest rate policy. When interest rates fall, the opportunity cost of holding gold - a non-interest-bearing asset - also decreases, increasing the appeal of gold as an investment channel. Conversely, if the Fed slows down in reducing interest rates or keeps interest rates at a higher level than expected, this could reduce demand for gold, leading to downward pressure on prices.

🔥 XAUUSD BUY 2643 - 2645🔥

💵 TP1: 2655
💵 TP2: 2665
💵 TP3: OPEN

🚫 SL: 2637

5 dic

Trade attivo

✔️Remarks from the Fed: Fed Chairman Jerome Powell said the current economy is stronger than expected when he started cutting interest rates in September and signaled he could slow down the pace of interest rate cuts in the coming months. next time. San Francisco Fed President Mary Daly also said there was no urgency to lower interest rates.

✔️Waiting for jobs and inflation reports: Traders are focusing on the US nonfarm payrolls report on Friday, and inflation data expected to be released next week. The market is currently pricing in a 74% chance of a 25 basis point rate cut this month