Fed raises interest rates by 4% Where will XAU go?
⚡️The dollar’s first weekly retreat in two months threw another lifeline at gold on Friday, helping secure the yellow metal’s hold on $1,900 territory and score a modest weekly gain of its own.
⚡️Spot gold’s ability to hold on to $1,900 support came under the spotlight this week after the headline reading for the U.S. Consumer Price Index surged beyond expectations for a second month in a row, boosting concerns about inflation and the potential for the Federal Reserve to get aggressive with interest rates again.
⚡️Global markets are adjusting to a new outlook for rate hikes after the European Central Bank on Thursday raised rates to a record high of 4% even as it signaled that hike to be its last.
⚡️The central bank’s desired inflation remains at a max 2% per year and it has vowed to get there with more rate hikes if necessary.
⚡️Please share your ideas with me, I'm looking forward to it.
⚡️Spot gold’s ability to hold on to $1,900 support came under the spotlight this week after the headline reading for the U.S. Consumer Price Index surged beyond expectations for a second month in a row, boosting concerns about inflation and the potential for the Federal Reserve to get aggressive with interest rates again.
⚡️Global markets are adjusting to a new outlook for rate hikes after the European Central Bank on Thursday raised rates to a record high of 4% even as it signaled that hike to be its last.
⚡️The central bank’s desired inflation remains at a max 2% per year and it has vowed to get there with more rate hikes if necessary.
⚡️Please share your ideas with me, I'm looking forward to it.
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⚡️Former US President Donald Trump said that interest rates were too high and that even re-election would put pressure on the Fed to reverse monetary policy.
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⚡️ The yellow metal saw some gains in recent sessions as strong inflation and economic activity data failed to convince markets that a U.S. interest rate hike was imminent. But gains were also limited as the dollar raced to six-month highs on the data.
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⚡️ everything is still going according to plan
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⚡️Gold Price Forecast: XAU/USD should continue to see some selling pressure
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⚡️The plan is still active
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⚡️ Global markets are adjusting to a new outlook for rate hikes after the European Central Bank on Thursday raised rates to a record high of 4% even as it signaled that hike to be its last
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⚡️The Fed is widely expected to keep interest rates on hold at the conclusion of a two-day meeting later on Wednesday.
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⚡️Fed pause expected, but inflation points to hawkish outlook
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⚡️Gold prices continue to decline after the Fed's interest rate decision. The Fed kept its current benchmark policy rate unchanged at 5.5%.
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⚡️Gold price maintains its position around $1,930 ahead of US economic data.
Fed’s hawkish stance on interest rate trajectory bolsters the US Dollar (USD).
Fed’s hawkish stance on interest rate trajectory bolsters the US Dollar (USD).
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⚡️Gold prices (XAU/USD) recovered recent losses after falling to a weekly low of $1,913 during early Asian trading on Friday, XAU/USD was up 0.08% on the day at 1,921, 62 USD.
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⚡️At the end of week 38, everything was still according to plan
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⚡️Gold ends week little changed, clinging to mid $1,900, despite hawkish Fed
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⚡️Next week, US data includes Consumer Confidence, Durable Goods Orders, and Initial Jobless Claims to provide further direction.
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⚡️Markets debating when next Fed hike will be
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⚡️The DXY hit a new YTD high at 106.09, reflecting US strong economy, as soft-landing prospects grow.
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⚡️Traders are still pricing in the likelihood of the Fed's policy rates to be higher for an extended period.
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⚡️Treasury yields also rose after last week's Fed meeting, with the benchmark 10-year yield at its highest level since 2007.
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⚡️Everything is in my plan
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⚡️Gold prices rose slightly in the early hours of Thursday's Asian session due to a slight weakening of the US dollar. Spot gold has a specific price of 1,876.63 USD/ounce.
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⚡️ Waiting for 2 important news:
1st Core PCE Price Index m/m
2st Revised UoM Consumer Sentiment
1st Core PCE Price Index m/m
2st Revised UoM Consumer Sentiment
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⚡️ Gold is recovering
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⚡️ Let's hope that gold will recover in the fourth quarter
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⚡️Gold prices fell for a second quarter in a row after losses that began in August and held through September, underscored by the current week’s drop - the worst in more than two years
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⚡️⚡️Gold sank to a 7-month low on Monday, hanging on to the ropes of $1,800 support, as the dollar hit 10-month highs instead, indicating the rush of investors towards the U.S. currency which has taken on the mantle of stability to currencies in other challenged global economies.
