The anticipation of the Fed's dedication to a more stringent monetary policy, potentially involving additional interest rate hikes or tightening measures, is expected to discourage traders from placing bold positions on non-yield assets like yellow metal. Monetary policy decisions and the Fed's communications will remain focal points for buck movements in the near term.
Moreover, recent economic data from the United States has been generally positive. Initial Jobless Claims for the week ending September 8 were better than anticipated, with 220,000 new claimants. The report showed a slight improvement from the previous week's figure of 217,000.
Gold buy from 1923
Target 1927
Target 1931
Target 1943
Sl 1915
Moreover, recent economic data from the United States has been generally positive. Initial Jobless Claims for the week ending September 8 were better than anticipated, with 220,000 new claimants. The report showed a slight improvement from the previous week's figure of 217,000.
Gold buy from 1923
Target 1927
Target 1931
Target 1943
Sl 1915
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