XAUUSD : Waiting for FOMC meeting minutes and US CPI report

Gold benefits when Middle East geopolitical tensions escalate, the market waits for the FOMC meeting minutes and CPI report to determine the outlook.
During the February 19 session, gold rose to nearly $2,023 as Middle East geopolitical tensions persisted but then fell back as the USD recovered. In the context of investors maintaining caution, precious metals are unlikely to break out before the release of the FOMC minutes and the US CPI on Thursday. Currently, gold is increasing slightly to $2,018.
The market turned its focus to the minutes of the US Federal Reserve's (Fed) January policy meeting, scheduled for release on February 21, for more hints on when the Fed might start lowering interest rates. capacity.
Atlanta Fed President Raphael Bostic said that although he needs more data to be convinced that inflationary pressures are truly easing, he is open to lowering interest rates at some point in the next few months.
The market currently forecasts a 77% probability that the Fed will lower interest rates in June, according to the CME Fed Watch tool. Lower interest rates reduce the opportunity cost of holding gold.
During the February 19 session, gold rose to nearly $2,023 as Middle East geopolitical tensions persisted but then fell back as the USD recovered. In the context of investors maintaining caution, precious metals are unlikely to break out before the release of the FOMC minutes and the US CPI on Thursday. Currently, gold is increasing slightly to $2,018.
The market turned its focus to the minutes of the US Federal Reserve's (Fed) January policy meeting, scheduled for release on February 21, for more hints on when the Fed might start lowering interest rates. capacity.
Atlanta Fed President Raphael Bostic said that although he needs more data to be convinced that inflationary pressures are truly easing, he is open to lowering interest rates at some point in the next few months.
The market currently forecasts a 77% probability that the Fed will lower interest rates in June, according to the CME Fed Watch tool. Lower interest rates reduce the opportunity cost of holding gold.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.