More data needed before rate cuts for XAU to fall
Updated
The US central bank still needs more data before cutting interest rates to ensure the recent weak inflation figures accurately reflect underlying price pressures.
Previous data showed U.S. jobs rose to 8.14 million in May.
Friday (US time), which will be important in assessing whether the US labor market remains resilient amid decades of high interest rates.
Previous data showed U.S. jobs rose to 8.14 million in May.
Friday (US time), which will be important in assessing whether the US labor market remains resilient amid decades of high interest rates.
Note
SELL gold 2355TP1: 2345
TP2: 2340
SL: 2362
Related publications
Disclaimer
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.