Gold price spike bets Fed will raise interest rates
Precious metal prices soared today amid many still betting on the possibility that the Fed will raise interest rates one more time. Investors are also waiting for some important economic data to be released this week. That is employment data, employee income ... These are the factors that affect the decision of the Fed.
Gold price continues to hold a solid recovery but there is still a potential downside risk in the near future. According to one market strategist, the cooling labor market is boosting the momentum in the gold market, but it is too early for investors to see a decisive move in the market.
Gold price continues to hold a solid recovery but there is still a potential downside risk in the near future. According to one market strategist, the cooling labor market is boosting the momentum in the gold market, but it is too early for investors to see a decisive move in the market.
Comment:
🔹Newspaper: Goldman Sachs used Chinese government funds to buy American companies.
Comment:
🕯 SELL GOLD | 1945 - 1942
🔴 SL: 1950
🟢 TP1: 1935
🟢 TP2: 1930
🔴 SL: 1950
🟢 TP1: 1935
🟢 TP2: 1930
Trade active:
Running + 50pips ✔️✔️✔️
Comment:
The key Non-farm payrolls number is expected to rise to 170,000, compared with a gain of 187,000 in the July report.
Comment:
The dollar index declined and government bond yields varied after the emergence of US unemployment data.
