The possibility of the Fed cutting interest rates by 25 basis

2024年9月10日

At the beginning of the trading session in the US market, world gold prices increased, and consultants strongly bought gold. The US August jobs report was bullish, giving the US Federal Reserve's (Fed) main currency comfort expectations increasingly high.

Experts say that the number of new jobs in August reached 142,000, lower than the 160,000 jobs previously expected. This has important implications for the Fed's monetary policy.

Furthermore, the unemployment rate decreased slightly from 4.3% to 4.2% but remained high compared to the 3.8% rate recorded a year earlier. The total number of failures has increased from 6.3 million to 7.1 million in the past year, a radical index over the past 3 years, which is building up the Fed's impending interest rate cut.
Experts say that the direction of gold in the near future still depends mainly on the Fed's interest rate policy. If the next US economic data is still good, it will cause the Fed to cut more. This helps gold prices reach new heights.

2024年9月10日

註釋

➡️➡️The current economic situation is waiting for the final CPI data to make the Fed's decision whether it is 25 points or 50 points.

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✔️TP1: 2490
✔️TP2: 2500
✔️TP3: OPEN

🚫SL: 2471


💎GOLD Sell 2512 - 2514💎

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✔️TP2: 2480
✔️TP3: OPEN

🚫SL: 2522