CFDs on Gold (US$ / OZ)
Updated

More data needed before rate cuts for XAU to fall

194
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.
Note
SELL gold 2355
TP1: 2345
TP2: 2340

SL: 2362

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.