Global gold prices plunged, with spot gold falling $26.7 to $2,028.6 per ounce. Gold futures were trading at $2,031.7 per ounce, down $19.9 from the previous day.
Gold prices fell more than 1%, pressured by a rebound in the US dollar and rising US Treasury yields, following "hawkish" comments from US Federal Reserve Governor Christopher Waller. ``About this year's interest rate cut.
Governor Christopher Waller said the U.S. is still "a long way" from the Fed's 2% inflation target and the central bank should not rush to cut interest rates until it is certain that inflation is falling. maintain.
Following the remarks, the U.S. dollar index rose nearly 1% to its highest level in more than a month, making bullion less attractive for holders of other currencies, while the yield on the 10-year U.S. Treasury note also rose, increasing the number of non-holding opportunities. Expenses have increased. -Interest bearing.
The Fed is expected to keep interest rates steady at its first meeting of 2024 on January 30th and 31st. Traders see a 67% chance of a rate cut in March, according to the CME FedWatch tool.
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Everyone Sells Surf Gold Price 2026>2028
SL 2030
TP 2020>201x. This margin is golden and easy to recover. Fomo Canh sells correctly


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SELL LIMIT 2040-2042
TP 202x
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