💵Gold Struggles After Unimpactful FOMC
Gold prices surged on Wednesday, opening at around $1,859 and reaching a daily high near $1,877. However, the latest Federal Reserve (Fed) meeting minutes failed to trigger significant market reactions. Fed officials emphasized inflation risks and policy measures, but investors remained cautious.
On Thursday, the US CPI index is expected to slightly decrease from 3.7% to 3.6% on a year-to-year basis in September. This potential price slowdown might heighten market inflation concerns, pushing the US Dollar (USD) higher again. Yet, the USD remains limited for now, and Gold traders struggle to find new grounds for XAU/USD today. Stay tuned for updates as market dynamics continue to unfold.
On Thursday, the US CPI index is expected to slightly decrease from 3.7% to 3.6% on a year-to-year basis in September. This potential price slowdown might heighten market inflation concerns, pushing the US Dollar (USD) higher again. Yet, the USD remains limited for now, and Gold traders struggle to find new grounds for XAU/USD today. Stay tuned for updates as market dynamics continue to unfold.
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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.