The short-term rise of gold does not reduce the pressure of the Federal Reserve in the market. 📌 Key points and overview: Inflation data on home sales and jobless claims
Gold is trying to go down to the $1620 area because of U.S inflation and the last CPI print 📌 Key points and overview: Considering the market’s reaction to last
📝 Weekly gold This year, stocks down around 20%, the Dollar index is at higher highs of 112.17 since 2002, and US10Y is at a higher value than 10 years
📝 Weekly gold From the beginning of 2022 to this moment, It was the best for the US dollar.In the last 9 months, this global reserve currency has taken full
📝 Weekly gold ◽️ Gold jumped more than 1 percent in its final days after last week’s sharp decline, led by weaker U.S. jobs data, but remains under pressure from
◽️ After Powell’s speech at the Jackson Hole meeting, sellers will have the upper hand because the Fed’s hawkish policies will continue. ◽️ This week’s NFP report has gained importance
The rise of the dollar index last week was able to put pressure on gold and we saw the drop in gold prices last week The previous meeting of the
◽️ With inflation decreasing and expectations of the FED hawkish policies withdrawal, gold was bullish in the past weeks ◽️ Signs of deflation have dampened the possibility of a 75bsp
◽️ Last week, our expectation from the employment and wages report was weak data and weak US dollar, and rising gold. ◽️ Although the US data performed better than expected,
◽️ 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
