Hello, dear friends! Today, gold has dipped nearly $5, trading around $2025 USD after failing to break the resistance at $2035 USD. The movement of gold prices is currently largely influenced by the Federal Reserve's (Fed) interest rate expectations. As such, the upcoming release of the core Personal Consumption Expenditures (PCE) Index - the Fed's preferred inflation gauge - this Thursday is drawing significant attention from investors.
Investors remain vigilant, closely monitoring data to gain clearer insights into the state of the US economy and shape their interest rate expectations. The US PCE for January rose by 0.4% from the previous month. If the PCE data comes in hotter than expected, it could pose challenges for gold prices. However, even in such a scenario, gold is expected to maintain its stance around the $2000 USD mark. Gold prices might only fall below this threshold if this week's economic data turns out to be unexpectedly high.
評論:
相關想法
USDJPY today
Antonia_Le
about USDJPY