XAUUSD: Which direction for Gold?
Updated
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We predict that the US Dollar will experience a long period of depreciation due to stronger growth in other countries and the recent hawkish stance taken by some foreign central banks, such as the European Central Bank and Bank of Japan. While the US economy may enter a recession in the short term, the Federal Reserve is unlikely to lower interest rates too quickly. However, we anticipate that in 2024, the Fed may begin to cut interest rates faster than foreign central banks, leading to a more significant decline in the value of the US Dollar. It is important to note that we do not expect any information to be omitted when paraphrasing the original text.
Fed will start cutting interest rates quicker than foreign central banks
We predict that the US Dollar will experience a long period of depreciation due to stronger growth in other countries and the recent hawkish stance taken by some foreign central banks, such as the European Central Bank and Bank of Japan. While the US economy may enter a recession in the short term, the Federal Reserve is unlikely to lower interest rates too quickly. However, we anticipate that in 2024, the Fed may begin to cut interest rates faster than foreign central banks, leading to a more significant decline in the value of the US Dollar. It is important to note that we do not expect any information to be omitted when paraphrasing the original text.
Fed will start cutting interest rates quicker than foreign central banks
Note
A bullish breakout is forming! Danger zone is formed!
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