Fed raises interest rates by 4% Where will XAU go?
Updated
⚡️The dollar’s first weekly retreat in two months threw another lifeline at gold on Friday, helping secure the yellow metal’s hold on $1,900 territory and score a modest weekly gain of its own.
⚡️Spot gold’s ability to hold on to $1,900 support came under the spotlight this week after the headline reading for the U.S. Consumer Price Index surged beyond expectations for a second month in a row, boosting concerns about inflation and the potential for the Federal Reserve to get aggressive with interest rates again.
⚡️Global markets are adjusting to a new outlook for rate hikes after the European Central Bank on Thursday raised rates to a record high of 4% even as it signaled that hike to be its last.
⚡️The central bank’s desired inflation remains at a max 2% per year and it has vowed to get there with more rate hikes if necessary.
⚡️Please share your ideas with me, I'm looking forward to it.
⚡️Spot gold’s ability to hold on to $1,900 support came under the spotlight this week after the headline reading for the U.S. Consumer Price Index surged beyond expectations for a second month in a row, boosting concerns about inflation and the potential for the Federal Reserve to get aggressive with interest rates again.
⚡️Global markets are adjusting to a new outlook for rate hikes after the European Central Bank on Thursday raised rates to a record high of 4% even as it signaled that hike to be its last.
⚡️The central bank’s desired inflation remains at a max 2% per year and it has vowed to get there with more rate hikes if necessary.
⚡️Please share your ideas with me, I'm looking forward to it.
Note
Trade active
Note
Trade active
Note
⚡️Former US President Donald Trump said that interest rates were too high and that even re-election would put pressure on the Fed to reverse monetary policy.Trade active
Trade active
Note
⚡️ The yellow metal saw some gains in recent sessions as strong inflation and economic activity data failed to convince markets that a U.S. interest rate hike was imminent. But gains were also limited as the dollar raced to six-month highs on the data.Note
⚡️ everything is still going according to planNote
⚡️Gold Price Forecast: XAU/USD should continue to see some selling pressureNote
⚡️The plan is still activeNote
Trade active
Note
⚡️ Global markets are adjusting to a new outlook for rate hikes after the European Central Bank on Thursday raised rates to a record high of 4% even as it signaled that hike to be its lastNote
⚡️The Fed is widely expected to keep interest rates on hold at the conclusion of a two-day meeting later on Wednesday.Note
⚡️Fed pause expected, but inflation points to hawkish outlookTrade active
Note
⚡️Gold prices continue to decline after the Fed's interest rate decision. The Fed kept its current benchmark policy rate unchanged at 5.5%.Note
⚡️Gold price maintains its position around $1,930 ahead of US economic data.Fed’s hawkish stance on interest rate trajectory bolsters the US Dollar (USD).
Trade active
Note
⚡️Gold prices (XAU/USD) recovered recent losses after falling to a weekly low of $1,913 during early Asian trading on Friday, XAU/USD was up 0.08% on the day at 1,921, 62 USD.Trade active
Trade active
Note
⚡️At the end of week 38, everything was still according to planTrade active
Note
⚡️Gold ends week little changed, clinging to mid $1,900, despite hawkish FedNote
⚡️Next week, US data includes Consumer Confidence, Durable Goods Orders, and Initial Jobless Claims to provide further direction.Trade active
Note
⚡️Markets debating when next Fed hike will beNote
⚡️The DXY hit a new YTD high at 106.09, reflecting US strong economy, as soft-landing prospects grow.Note
⚡️Traders are still pricing in the likelihood of the Fed's policy rates to be higher for an extended period.Note
⚡️Treasury yields also rose after last week's Fed meeting, with the benchmark 10-year yield at its highest level since 2007.Trade active
Note
⚡️Everything is in my planTrade active
Trade active
Note
Note
⚡️Gold prices rose slightly in the early hours of Thursday's Asian session due to a slight weakening of the US dollar. Spot gold has a specific price of 1,876.63 USD/ounce.Trade active
Note
⚡️ Waiting for 2 important news:1st Core PCE Price Index m/m
2st Revised UoM Consumer Sentiment
Note
⚡️ Gold is recoveringTrade active
Note
⚡️ Let's hope that gold will recover in the fourth quarterTrade active
Note
⚡️Gold prices fell for a second quarter in a row after losses that began in August and held through September, underscored by the current week’s drop - the worst in more than two yearsTrade active
Note
⚡️⚡️Gold sank to a 7-month low on Monday, hanging on to the ropes of $1,800 support, as the dollar hit 10-month highs instead, indicating the rush of investors towards the U.S. currency which has taken on the mantle of stability to currencies in other challenged global economies.
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.