Market

٢ نوفمبر ٢٠٢٣

⚫️ Today, Powell said an interest rate increase is still possible. But the market doesn't completely believe that.

⚫️Yesterday's labor energy data and industrial data both cooled significantly. This is supported by gold prices.

⚫️ In addition, the market currently expects the FED to begin cutting interest rates in June next year.
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Gold price is being traded at 1,985.4 USD.