XAU continued to decline after the minutes of the latest FED
XAU price continued to decline as investors took profits after the latest meeting minutes of the US Federal Reserve (Fed) showed that interest rates will stay higher for a longer period of time.
After the release of minutes from the Federal Open Market Committee (FOMC) meeting, the Fed's decision-making arm, revealed that, although policymakers expected price pressures to eventually ease, But they have not fallen fast enough to warrant a cut to the federal funds rate target range, which will remain at 5.25% - 5.50% “at least through September.”
The market is paying close attention to the labor market, which remains an important factor for the Fed's monetary policy. Economists note that a tightening labor market will push wage inflation higher, which will increase consumer prices overall.
After the release of minutes from the Federal Open Market Committee (FOMC) meeting, the Fed's decision-making arm, revealed that, although policymakers expected price pressures to eventually ease, But they have not fallen fast enough to warrant a cut to the federal funds rate target range, which will remain at 5.25% - 5.50% “at least through September.”
The market is paying close attention to the labor market, which remains an important factor for the Fed's monetary policy. Economists note that a tightening labor market will push wage inflation higher, which will increase consumer prices overall.
Nota
BUY XAU 2329 - 2327TP1: 2336
TP2: 2342
SL: 2322
Nota
+ 130 pipsNota
Hit TP2
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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.