XAU developments at the end of September 7, 2023
In the current situation, the Fed has put an end to a string of rate hikes after the release of a report showing that the US unemployment rate has soared and wages have risen modestly, but labor market conditions are supporting consumption. It is possible that Polish. The dollar index also dropped 0.2%, making bullion more attractive to holders of other currencies.
Data since the last monetary policy meeting have strengthened the impression that the U.S. economy is slowing rather than collapsing, increasing resistance to further rate hikes and thus supporting interest rates. Capacity is 0.
``Precious metals will depend on what happens to Treasury yields ahead of the FOMC meeting in September,'' said Tim Waterler, market analyst at KCM Trade. A drop in yields on interest rate expectations would be a positive development for gold. " Among other precious metals, silver fell 0.4% to $24.07 an ounce, platinum fell 0.6% to $955.20 and palladium rose 0.6% to $1,224.91.
Data since the last monetary policy meeting have strengthened the impression that the U.S. economy is slowing rather than collapsing, increasing resistance to further rate hikes and thus supporting interest rates. Capacity is 0.
``Precious metals will depend on what happens to Treasury yields ahead of the FOMC meeting in September,'' said Tim Waterler, market analyst at KCM Trade. A drop in yields on interest rate expectations would be a positive development for gold. " Among other precious metals, silver fell 0.4% to $24.07 an ounce, platinum fell 0.6% to $955.20 and palladium rose 0.6% to $1,224.91.
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XAUUSD BUY 1918 - 1916 🔼🔼
🟢TP1 : 1921
🟢TP2: 1925
🔴SL: 1912
🟢TP1 : 1921
🟢TP2: 1925
🔴SL: 1912
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🟢TP1: 1921
🟢TP2: 1924
🔴SL: 1914