XAU tends to fall as investors take profits
Gold prices surged in the first session of the week after Federal Reserve Chairman Jerome Powell delivered a historic speech at the Jackson Hole conference, marking a reversal in US monetary policy.
Accordingly, Mr. Jerome Powell signaled that "it is time to adjust policy", reducing interest rates to support the economy.
According to Mr. Powell, inflation has gradually decreased closer to the 2% target, while expressing concerns about the US labor market.
The USD immediately fell sharply, thereby pushing gold prices up.
Accordingly, Mr. Jerome Powell signaled that "it is time to adjust policy", reducing interest rates to support the economy.
According to Mr. Powell, inflation has gradually decreased closer to the 2% target, while expressing concerns about the US labor market.
The USD immediately fell sharply, thereby pushing gold prices up.
Note
🏆XAUUSD BUY 2513 - 2515💲
🥇TP1: 2519
🥈TP2: 2525
🚫SL: 2506
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.