⚡️Gold prices neared a one month high Friday before consolidating to end the week up just over 1% after a mixed U.S. jobs report for August, where payrolls came in higher than forecast but unemployment also rose, touching 18-month highs.
⚡️The US economy added 187,000 nonfarm payrolls last month against a forecast 170,000 while the jobless rate perked to 3.8% from a previous 3.5%, the Labor Department said. The mixed reading conveyed the messaging that the Federal Reserve might not immediately resort to more rate hikes to bring inflation to its long-standing target of 2% per annum from the about 3% it hovered at now.
⚡️The Fed has said it will not cut interest rates as long as inflation remains above 2%, leaving the central bank facing what could be a protracted battle to achieve its target.
⚡️August's jobs numbers suggest the Fed will have to think harder about how to proceed with interest rate adjustments as it aims to bring inflation back to the 2% annual rate or below before the COVID-19 outbreak. 19 in March 2020.
⚡️Share your ideas with Krado, I'm looking forward to it⚡️
⚡️The US economy added 187,000 nonfarm payrolls last month against a forecast 170,000 while the jobless rate perked to 3.8% from a previous 3.5%, the Labor Department said. The mixed reading conveyed the messaging that the Federal Reserve might not immediately resort to more rate hikes to bring inflation to its long-standing target of 2% per annum from the about 3% it hovered at now.
⚡️The Fed has said it will not cut interest rates as long as inflation remains above 2%, leaving the central bank facing what could be a protracted battle to achieve its target.
⚡️August's jobs numbers suggest the Fed will have to think harder about how to proceed with interest rate adjustments as it aims to bring inflation back to the 2% annual rate or below before the COVID-19 outbreak. 19 in March 2020.
⚡️Share your ideas with Krado, I'm looking forward to it⚡️
코멘트:
⚡️The Fed has three more opportunities to raise interest rates this year, with the policymaking Federal Open Market Committee set to make rate decisions on September 20, November 1 and December 13 .
코멘트:
⚡️With jobs still growing more than expected each month, the central bank could opt for one or two more hikes this year.
⚡️Yet, any growth in unemployment as well, as evidenced in August, will complicate the Fed’s decision-making process on this. Aside from keeping inflation at or below 2%, the central bank is mandated by the US Congress to provide maximum employment to Americans — a target identified by a jobless rate of 4% or below. Last month’s unemployment rate of 3.8% was the highest since February 2021.
⚡️Yet, any growth in unemployment as well, as evidenced in August, will complicate the Fed’s decision-making process on this. Aside from keeping inflation at or below 2%, the central bank is mandated by the US Congress to provide maximum employment to Americans — a target identified by a jobless rate of 4% or below. Last month’s unemployment rate of 3.8% was the highest since February 2021.
코멘트:
⚡️At the end of the week, spot gold XAU/USD erased daily gains, retreating to the $1,939 area. After an initial retreat, US bond yields recovered during the US session, but the yellow metal is still set for a week of gains of more than 1%.
코멘트:
코멘트:
⚡️The Fed is widely expected to pause another rate hike next month, but Chairman Jerome Powell said late last week that central bank officials remained open to further rate hikes as required depending on economic data.
코멘트:
⚡️Gold prices neared a one-month high Friday before consolidating to end the week up just over 1% after a mixed U.S. jobs report for August, where payrolls came in higher than forecast but unemployment also rose, touching 18-month highs
코멘트:
⚡️Gold Price (XAU/USD) remains mildly bid while picking up bids to reverse the previous day’s pullback from a one-month high amid early Monday
코멘트:
⚡️Gold prices rose slightly on Monday, extending gains from the prior session as mixed U.S. labor data cemented expectations that the Federal Reserve will keep interest rates on hold.
코멘트:
코멘트:
⚡️This notion weighed on the dollar and Treasury yields, allowing the yellow metal to appreciate on the prospect of fewer increases in its opportunity cost.
코멘트:
⚡️Gold price trades with a negative bias for the second straight day on Tuesday, albeit lacks follow-through and remains well within a familiar range held over the past week or so. The XAU/USD is currently placed just below the $1,940 level, down less than 0.10% for the day, and is pressured by a combination of factors
코멘트:
⚡️Markets are now focused squarely on a slew of Fed speakers this week, who are expected to offer more cues on monetary policy before an interest rate decision later this month.
코멘트:
⚡️XAU/USD bears have a tough time keeping control unless breaking $1,930 and $1,915 key support confluences
코멘트:
⚡️Gold Price seesaws within key trading range despite the previous day’s heavy loss
코멘트:
⚡️Gold trades slowly waiting for PMI
코멘트:
⚡️The actual PIM news is greater than the forecast, which is not a good outlook for gold
코멘트:
⚡️My plan was right
코멘트:
⚡️Bets for more Fed rate hikes to act as a tailwind for the buck and cap the upside.
코멘트:
⚡️The Fed is widely expected to keep rates on hold in September. But the central bank is also set to keep rates higher for longer.
코멘트:
⚡️After Unemployment Claims news, reality was smaller than forecast, good for USD, bad outlook for gold
코멘트:
⚡️Trading still follows the trend line
코멘트:
코멘트:
⚡️The USD continues to increase in price, the longest upward trend since 2014. According to
코멘트:
코멘트:
⚡️Short plan
코멘트:
⚡️Gold price attracts some buyers for the second successive day and draws support from a combination of factors.
코멘트:
⚡️DXY's recovery pushed gold down the past few days
코멘트:
⚡️The market becomes more active when the American session begins
코멘트:
⚡️ Gold fell below 1920
코멘트:
⚡️US yields are set to close a 2% weekly increase. Attention shifts to next week’s US CPI and Retail Sales from the US.
액티브 트레이드
액티브 트레이드
코멘트:
⚡️The US is facing the risk of second round inflation, leaving the Fed open to raising interest rates, putting further pressure on the exchange rate
코멘트:
⚡️The three-session decline after Monday's U.S. Labor Day holiday meant a negative week for Comex gold, causing prices to end the five-day period net down 1.2%, nearly taking returning to last week's increase of 1.3%.
액티브 트레이드
코멘트:
⚡️Do you think after the "shark" SPDR Gold Trust released more than 3 tons of gold, the gold market will be more exciting?
액티브 트레이드
코멘트:
⚡️China’s disinflationary pressures influenced the yellow metal.
코멘트:
⚡️XAU/USD failed to break above long-term trendline resistance and is currently hovering around the 1925.06 reversal bottom. The RSI indicator shows hesitation among traders without showing any specific trend. Upcoming data releases could fuel the trend with any move to support the USD likely causing gold prices to test resistance once again
코멘트:
⚡️In this morning's trading session, the yellow metal has had a significant increase, can gold break the 1930 barrier?
코멘트:
⚡️Everything is going according to plan
