XAUUSD H2 Idea
- Market expectations for a September rate cut by the Federal Reserve have risen, with a 55% chance of a 50-basis-point reduction now priced in. This potential shift is boosting gold's appeal, as lower interest rates make non-yielding assets like gold more attractive. U.S. jobless claims came in lower than expected at 233,000, suggesting the labour market remains strong and slightly dampening gold's safe-haven appeal. However, with upcoming CPI and PPI reports, traders are awaiting more clarity on the economic outlook.
- Gold demand in India increased due to price corrections, while premiums in China rose on safe-haven buying, reflecting varied global market dynamics. The U.S. Dollar Index edged lower despite recent gains, and Treasury yields steadied after a volatile week, both supporting gold prices. Fed policymakers suggest cooling inflation could lead to rate cuts, with markets expecting further reductions by year-end. The short-term outlook for gold remains cautiously bullish, with key inflation data likely to influence its direction.
- Gold demand in India increased due to price corrections, while premiums in China rose on safe-haven buying, reflecting varied global market dynamics. The U.S. Dollar Index edged lower despite recent gains, and Treasury yields steadied after a volatile week, both supporting gold prices. Fed policymakers suggest cooling inflation could lead to rate cuts, with markets expecting further reductions by year-end. The short-term outlook for gold remains cautiously bullish, with key inflation data likely to influence its direction.
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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.