Gold continued to soar compared to the previous trading session
The world gold spot price is around the threshold above 2,255 USD/ounce, up more than 18 USD/ounce compared to the transaction at the same time yesterday morning. Closing last night's session, the world gold spot price in the US market stood at 2,253 USD/ounce, a sharp increase of 21 USD/ounce, compared to the previous session's close.
The world financial market last night received less positive economic information from the US. Specifically, the manufacturing purchasing managers index (PMI) in March decreased from 52.2 points in February to 51.9 points, lower than the expected level of 52.5 points.
Although the manufacturing purchasing PMI remains above the expansion level of 50, it is down from the previous month and this forecast suggests the level of purchasing in the US manufacturing sector is shrinking. When purchasing levels decrease, factories will slow down production.
Along with that, construction spending in February in the US decreased from the previous negative 0.2% to negative 0.3%, much lower than the forecast increase of 0.7%. The Institute for Supply Management's (ISM) employment index in March was at 47.4 points, higher than the previous month's level of 45.9 points, but lower than the forecast of 47.5 points.
However, there is still positive information. Specifically, the ISM manufacturing PMI index in March increased sharply from 47.8 points in February to 50.3 points, above the expansion level of 50 points.
The new orders index in March increased from 49.2 in February to 51.4 points, higher than the forecast of 49.8 points. ISM's producer price index increased sharply from 52.5 points in February to 55.8 points in March, much higher than the forecast of 53.3 points.
Thus, data from the US economy have mixed developments. This shows that the world's No. 1 economy still has difficulties, as the construction sector and manufacturing purchasing activities are weakening.
The world financial market last night received less positive economic information from the US. Specifically, the manufacturing purchasing managers index (PMI) in March decreased from 52.2 points in February to 51.9 points, lower than the expected level of 52.5 points.
Although the manufacturing purchasing PMI remains above the expansion level of 50, it is down from the previous month and this forecast suggests the level of purchasing in the US manufacturing sector is shrinking. When purchasing levels decrease, factories will slow down production.
Along with that, construction spending in February in the US decreased from the previous negative 0.2% to negative 0.3%, much lower than the forecast increase of 0.7%. The Institute for Supply Management's (ISM) employment index in March was at 47.4 points, higher than the previous month's level of 45.9 points, but lower than the forecast of 47.5 points.
However, there is still positive information. Specifically, the ISM manufacturing PMI index in March increased sharply from 47.8 points in February to 50.3 points, above the expansion level of 50 points.
The new orders index in March increased from 49.2 in February to 51.4 points, higher than the forecast of 49.8 points. ISM's producer price index increased sharply from 52.5 points in February to 55.8 points in March, much higher than the forecast of 53.3 points.
Thus, data from the US economy have mixed developments. This shows that the world's No. 1 economy still has difficulties, as the construction sector and manufacturing purchasing activities are weakening.
Comment:
Fed's Bowman: Does not comment on monetary policy in the text of his speech.
Comment:
Comment:
According to economists, the US is forecast to add 200,000 jobs in March, lower than February's 275,000. The unemployment rate is expected to remain unchanged at 3.9%.
Job growth in February and March still shows that the labor market remains strong. The stable unemployment rate also shows that it is unlikely that the Fed will cut interest rates sooner than currently forecast.
Job growth in February and March still shows that the labor market remains strong. The stable unemployment rate also shows that it is unlikely that the Fed will cut interest rates sooner than currently forecast.
Comment:
SELL XAUUSD PRICE 2321 - 2319⚡️
↠↠ Stoploss 2325
→Take Profit 1 2314
↨
→Take Profit 2 2309
BUY XAUUSD PRICE 2279 - 2281⚡️
↠↠ Stoploss 2275
→Take Profit 1 2286
↨
→Take Profit 2 2291
↠↠ Stoploss 2325
→Take Profit 1 2314
↨
→Take Profit 2 2309
BUY XAUUSD PRICE 2279 - 2281⚡️
↠↠ Stoploss 2275
→Take Profit 1 2286
↨
→Take Profit 2 2291
Trade closed: target reached:
Plan BUY Hit Full TP2 + 130 pips🤕🤕🤕. Congratulations everyone
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