The gold market witnessed a strong increase
Aktualisiert
The gold market is witnessing a strong bullish reaction to better-than-expected inflation data
Inflation is falling towards the Fed's 2.0% target and makes it more likely that the central bank will start cutting interest rates - a positive development for gold.
Interest rates have done a good job of bringing inflation back to the Fed's 2.0% target.
Asked about the timing of future Fed rate cuts and whether he would wait until the Fed's preferred inflation measure, the Personal Consumption Expenditures Price Index (PCE), falls below target Fed before taking action, Powell said he would not do so, because "inflation has a certain momentum" and "you don't want to wait until inflation falls to 2.0%".
Inflation is falling towards the Fed's 2.0% target and makes it more likely that the central bank will start cutting interest rates - a positive development for gold.
Interest rates have done a good job of bringing inflation back to the Fed's 2.0% target.
Asked about the timing of future Fed rate cuts and whether he would wait until the Fed's preferred inflation measure, the Personal Consumption Expenditures Price Index (PCE), falls below target Fed before taking action, Powell said he would not do so, because "inflation has a certain momentum" and "you don't want to wait until inflation falls to 2.0%".
Anmerkung
SELL gold 2412TP1 2405
TP2: 2400
SL: 2420
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