XAU continues to increase from last weekend's session
At the beginning of the trading session in the US market, the world gold price continued to increase from the session at the end of last week. The US unemployment benefit application report released in the middle of last week brought optimism to the stock and gold markets.
After a quiet week, the world gold market is about to receive a series of important information that can affect the direction of the precious metal in the short term. Specifically, the producer price index, consumer price index, retail sales in July, weekly unemployment benefit applications, housing starts and building permits in the US in July, ...
Marc Chandler, General Director of Bannockburn Global Forex, said that the information that the market is most looking forward to is the July consumer price index report, which is likely to remain unchanged compared to the same period last year. This helps the US Federal Reserve (Fed) to cut interest rates in September.
After a quiet week, the world gold market is about to receive a series of important information that can affect the direction of the precious metal in the short term. Specifically, the producer price index, consumer price index, retail sales in July, weekly unemployment benefit applications, housing starts and building permits in the US in July, ...
Marc Chandler, General Director of Bannockburn Global Forex, said that the information that the market is most looking forward to is the July consumer price index report, which is likely to remain unchanged compared to the same period last year. This helps the US Federal Reserve (Fed) to cut interest rates in September.
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SELL XAU 2464
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TP2: 2450
SL: 2472
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