The market is buzzing with mixed feelings as we approach Donald Trump's inauguration as US President-elect. Gold prices have retreated from a one-month peak, with some investors jumping on the opportunity to buy the US Dollar at perceived dips. Despite this, gold remains heavily influenced by the geopolitical and domestic political climate in the US. Recent inflation data, combined with comments from Fed Governor Waller, have put pressure on the Dollar, with traders betting on an earlier rate cut. Waller hinted at the possibility of a rate cut as soon as the March meeting, noting that inflation is nearing the Fed's 2% target. In this video, we explore how these developments could shape the gold market moving forward.
#GoldAnalysis #XAUUSD #GoldPrice #TrumpInauguration #USDIndex #InflationData #FedRateCuts #GoldTrading #ForexAnalysis #MarketTrends
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
#GoldAnalysis #XAUUSD #GoldPrice #TrumpInauguration #USDIndex #InflationData #FedRateCuts #GoldTrading #ForexAnalysis #MarketTrends
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
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#XAUUSDAs discussed during the just concluded livestream; find below the structural update to guide today's trading session.
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Trade smart. Trade consciously
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.