XAU Markets Await US CPI News
The DXY Index rose 0.3%, reducing the appeal of holding the precious metal.
The market is pricing in a 67% chance of a 25bps rate cut by the Fed and a 33% chance of a 50bps rate cut
Fed Chairman Jerome Powell last week backed the start of rate cuts next month, while expressing confidence that inflation could hit its 2% target.
A report on Tuesday showed that while US consumer confidence rose to a six-month high in August, Americans were also growing more concerned about the labor market.
The DXY Index rose 0.3%, reducing the appeal of holding the precious metal.
The market is pricing in a 67% chance of a 25bps rate cut by the Fed and a 33% chance of a 50bps rate cut
Fed Chairman Jerome Powell last week backed the start of rate cuts next month, while expressing confidence that inflation could hit its 2% target.
A report on Tuesday showed that while US consumer confidence rose to a six-month high in August, Americans were also growing more concerned about the labor market.
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BUY XAU 2509Tp1 : 2514
TP2: 2519
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.