Gold prices surged to a record high last week after the US Federal Reserve cut interest rates and have largely continued to rally
Moreover, gold rose as markets priced in a doubling of the Fed’s chances of cutting rates before Christmas. The probability of another 50 basis points (0.50%) cut at the next meeting in November now stands at 51.6%, compared with 48.4% for a 25 basis points cut, according to the CME FedWatch tool.
Moreover, gold rose as markets priced in a doubling of the Fed’s chances of cutting rates before Christmas. The probability of another 50 basis points (0.50%) cut at the next meeting in November now stands at 51.6%, compared with 48.4% for a 25 basis points cut, according to the CME FedWatch tool.
ملاحظة
SELL XAU 2638TP1: 2630
TP2: 2620
SL: 2646
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منشورات ذات صلة
إخلاء المسؤولية
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.