GOLD : Gold will continue to increase to the highest level
Aktualisiert
Gold prices are in a slight decline. The reason may be due to profit taking after increasing by more than 1% the previous day. The release of lower-than-expected US CPI and Retail Sales data for April has led to a change in expectations about the Fed's future interest rate path - an important factor contributing to the direction of gold prices. .
Lower-than-expected CPI data shows signs of cooling inflation, meaning the time for the Fed to lower interest rates may come sooner. According to the CME FedWatch tool, there is a 75% chance that the Fed will start cutting interest rates from its September meeting. This number is much higher than the 65% level before the announcement, according to FXStreet editor Lallalit Srijandorn.
However, the outlook for the precious metal remains positive as demand from central banks - especially in emerging markets - continues to be strong, geopolitical risks remain present and trade concerns remain strong. Global trade is unstable due to political factors.
In fact, according to data from the World Gold Council (WGC), gold demand increased 3% to 1,238 tons in Q1, the strongest increase since 2016.
Lower-than-expected CPI data shows signs of cooling inflation, meaning the time for the Fed to lower interest rates may come sooner. According to the CME FedWatch tool, there is a 75% chance that the Fed will start cutting interest rates from its September meeting. This number is much higher than the 65% level before the announcement, according to FXStreet editor Lallalit Srijandorn.
However, the outlook for the precious metal remains positive as demand from central banks - especially in emerging markets - continues to be strong, geopolitical risks remain present and trade concerns remain strong. Global trade is unstable due to political factors.
In fact, according to data from the World Gold Council (WGC), gold demand increased 3% to 1,238 tons in Q1, the strongest increase since 2016.
Trade ist aktiv
running +45pips 💵💵💵Trade ist aktiv
running +100 pips 💵💵💵Anmerkung
running +250 pips 💵💵💵Trade ist aktiv
running +350 pips 💵💵💵
👉 Free Signals Everyday: t.me/SantaTradeProInsightsFX
👉 Support 24/7 and More
👉 Join the group to profit every day.
👉 @bellatrader_2509
👉 Support 24/7 and More
👉 Join the group to profit every day.
👉 @bellatrader_2509
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.