Gold trading strategy target 500 Pips!
Gold prices today continue to hover around $2,936 per ounce, showing little movement compared to the previous session. Currently, the precious metal remains within the range of the Bollinger Bands, with no clear directional trend established.
However, safe-haven demand continues to support gold as investors grow increasingly concerned about economic growth prospects, particularly following President Donald Trump's new tariff plans. Ongoing trade tensions, tariff policies, and geopolitical uncertainties worldwide are providing stability to gold prices.
Additionally, the market is closely monitoring the U.S. Federal Reserve's (Fed) interest rate policy. The Fed has yet to offer a clear assessment of the impact of tariffs on inflation. Nevertheless, expectations for a rate cut are rising, with a high probability of at least one 25-basis-point reduction and a 44% chance of an additional cut in December. This could further support an upward trend in gold prices in the coming months.
However, safe-haven demand continues to support gold as investors grow increasingly concerned about economic growth prospects, particularly following President Donald Trump's new tariff plans. Ongoing trade tensions, tariff policies, and geopolitical uncertainties worldwide are providing stability to gold prices.
Additionally, the market is closely monitoring the U.S. Federal Reserve's (Fed) interest rate policy. The Fed has yet to offer a clear assessment of the impact of tariffs on inflation. Nevertheless, expectations for a rate cut are rising, with a high probability of at least one 25-basis-point reduction and a 44% chance of an additional cut in December. This could further support an upward trend in gold prices in the coming months.
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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.