◽️ After weeks, gold prices ended the week with a 2% gain because of Less hawkish Fed talks and gave hopes to gold buyers
◽️ Jerome Powell said that further aggressive tightening remains possible because we don’t see any cessation sign in the market and we are focused on employment data.
◽️ But Commodities, risky assets, stocks, and gold grew, only for one reason, The Fed said there is a possible slowing of rising interest rates and we would remain data-dependent.
◽️The space for gold is growing up to $1785-$1800 available, but it is still too early to be sure about the upward trend because we still have the hawkish policies of the USA.
🔻 We have to pay attention to Friday’s NFP report and Unemployment Rate because they show the next road map for FED
🔻 We predict a lower number for NFP, so we will spect the growth of gold next week