Gold costs rose to a report excessive for the duration of the As
Updated
Gold fees rose to a report excessive in Asian buying and selling on Thursday, in large part way to a sign from Federal Reserve Chairman Jerome Powell that the relevant financial institution will reduce hobby charges in 2024.
Gold markets prolonged robust profits from closing week amid developing optimism over US hobby charge cuts, with investors in large part making a bet that the relevant financial institution will start a cycle hobby charge reduce length proper after June.
Spot gold rose extra than 0.4% to a report excessive of $2,161.19 an ounce, at the same time as gold futures expiring in April hit a excessive of $2,168.10 an ounce.
“The latest rally has been underpinned via way of means of robust investor demand, as the threat of decrease charges has been heightened via way of means of safe-haven buying,” ANZ analysts stated in a report. robust amid growing geopolitical dangers and an unsure financial backdrop.”
Gold markets prolonged robust profits from closing week amid developing optimism over US hobby charge cuts, with investors in large part making a bet that the relevant financial institution will start a cycle hobby charge reduce length proper after June.
Spot gold rose extra than 0.4% to a report excessive of $2,161.19 an ounce, at the same time as gold futures expiring in April hit a excessive of $2,168.10 an ounce.
“The latest rally has been underpinned via way of means of robust investor demand, as the threat of decrease charges has been heightened via way of means of safe-haven buying,” ANZ analysts stated in a report. robust amid growing geopolitical dangers and an unsure financial backdrop.”
Note
💵XAUUSD SELL LIMIT 2158 - 2160💵✔️TP 2154
✔️TP 2150
❌SL 2165
💵XAUUSD BUY LIMIT 2142 - 2144💵
✔️TP 2148
✔️TP 2152
❌SL 2137
Note
HIT TP1 entry sell +40 pips✅✅✅
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