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Forecasts suggest that the Fed will decrease by 25 points

Taking advantage of the opportunity is still there, says RJO Futures senior market strategist Bob Haberkorn. If the Fed decides to reduce it by 50 points, it would mean that the Central Bank of America is surrendering its ability to play.

The results of the Reuters visit showed that most participating economists think the Fed will lower interest rates by 25 basis points at each of the remaining main meetings in 2024. The poll showed that only 9 of the 101 economists expect a half-percent cut next week.

Independent metals trader Tai Wong said that the rise in core CPI has more or less reinforced the possibility that the Fed will proceed with a 25 basis point cut next week. Gold prices may have to wait a little longer to reach new record highs.

💎 Buy 2485 - 2487💎

✔️TP1: 2500
✔️TP2: 2510
✔️TP3: OPEN

🚫SL: 2480

💎 Sell 2525 - 2527💎

✔️TP1: 2510
✔️TP2: 2490
✔️TP3: OPEN

🚫SL: 2535