👉Gold price turns sideways after a sharp recovery as the focus shifts to US inflation data.
👉Fed policymakers are worried about rising Treasury yields as they could dampen financial
conditions.
👉The US Dollar will dance to the tune of the FOMC minutes, consumer and producer inflation
data.
Gold price (XAU/USD) holds onto a fresh weekly high, supported by the cautious market mood that is a product of the deepening Israel-Hamas conflict. The Israeli army responded to Hamas’ Saturday incursion with airstrikes on the Gaza Strip. Neutral commentary from Federal Reserve (Fed) policymakers has increased the perception that the central bank has finished raising interest rates.
BUY @ 1950-1954
SL @ 1948
TP @ 1962 , 1972
👉Fed policymakers are worried about rising Treasury yields as they could dampen financial
conditions.
👉The US Dollar will dance to the tune of the FOMC minutes, consumer and producer inflation
data.
Gold price (XAU/USD) holds onto a fresh weekly high, supported by the cautious market mood that is a product of the deepening Israel-Hamas conflict. The Israeli army responded to Hamas’ Saturday incursion with airstrikes on the Gaza Strip. Neutral commentary from Federal Reserve (Fed) policymakers has increased the perception that the central bank has finished raising interest rates.
BUY @ 1950-1954
SL @ 1948
TP @ 1962 , 1972