XAUUSD - Continue to increase as expectations peak
Last night - early this morning, the US Department of Labor continued to announce that the producer price index (PPI) fell to 0.1%, lower than the forecast of 0.2%. This is the lowest level since August 2020. PPI only - measures the change in the price of goods sold by manufacturers, just the leading indicator using issue prices.
Along with the decrease of the dollar, when the consumer price index CPI is released on July 12 and the PPI is released on July 13, the US economy is watching the tightening monetary policy of the Federal Reserve. American state has effect. When the PPI falls, it indicates the next US development time.
Some experts said that it is likely that the Fed will only increase interest rates once in July and will stop increasing to ensure economic growth. Investors expect the Fed to cut rates to 1% this time next year.
With the above information, causing the USD to plummet, thereby helping to reduce the transaction and deposit costs of gold, investors continue to promote buying precious metals to seek profits.
XAUUSD SELL 1961- 1963💯💯
✅ TP1: 1957
✅ TP2: 1950
✅ TP3: 1942
🛑 SL: 1971
Along with the decrease of the dollar, when the consumer price index CPI is released on July 12 and the PPI is released on July 13, the US economy is watching the tightening monetary policy of the Federal Reserve. American state has effect. When the PPI falls, it indicates the next US development time.
Some experts said that it is likely that the Fed will only increase interest rates once in July and will stop increasing to ensure economic growth. Investors expect the Fed to cut rates to 1% this time next year.
With the above information, causing the USD to plummet, thereby helping to reduce the transaction and deposit costs of gold, investors continue to promote buying precious metals to seek profits.
XAUUSD SELL 1961- 1963💯💯
✅ TP1: 1957
✅ TP2: 1950
✅ TP3: 1942
🛑 SL: 1971
