XAU decreased after news of US economic data
World gold prices this morning reversed to decline after the latest published data showed that US business activities are still strong.
S&P Global survey results show that US business activity recovered in January 2024. The strong US economy combined with opposition from US Central Bank officials are causing some investors to reconsider betting on the timing of interest rate cuts by the US Federal Reserve (FED). ).
According to CME's FedWatch Tool, markets expect the FED to keep interest rates unchanged at its policy meeting on January 30 and 31 and has pushed back the time frame for loosening monetary policy for the first time.
Even so, the dollar fell 0.5%, making greenback-denominated bullion cheaper for overseas buyers. In addition, lower 10-year Treasury bond yields also limited the decline in precious metals.
S&P Global survey results show that US business activity recovered in January 2024. The strong US economy combined with opposition from US Central Bank officials are causing some investors to reconsider betting on the timing of interest rate cuts by the US Federal Reserve (FED). ).
According to CME's FedWatch Tool, markets expect the FED to keep interest rates unchanged at its policy meeting on January 30 and 31 and has pushed back the time frame for loosening monetary policy for the first time.
Even so, the dollar fell 0.5%, making greenback-denominated bullion cheaper for overseas buyers. In addition, lower 10-year Treasury bond yields also limited the decline in precious metals.
Note
BUY XAU 2015TP1: 2023
TP2: 2033
SL: 2005
Note
running + 20 pipsNote
Running + 40 pipsNote
Running + 90 pips
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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.