XAUUSD hovers around $2400 ahead of key US macro releases
Gold prices have pulled back from recent highs, currently stabilizing around the $2400 mark due to a stronger US dollar. US PCE & GDP readings are now in focus.
Gold and oil prices are under pressure due to a stronger US dollar and mixed economic data, with gold experiencing a decline after reaching a record high and oil potentially facing its second weekly loss.
A lower-than-expected PCE reading may contribute to a much anticipated rate cut. However, a stronger inflation reading could force the Fed to delay policy easing. The markets are pricing in a 74.3% probability of a September rate cut.
Gold prices have pulled back from recent highs, currently stabilizing around the $2400 mark due to a stronger US dollar. US PCE & GDP readings are now...
Gold and oil prices are under pressure due to a stronger US dollar and mixed economic data, with gold experiencing a decline after reaching a record h...
A lower-than-expected PCE reading may contribute to a much anticipated rate cut. However, a stronger inflation reading could force the Fed to delay po...
XAUUSD on a 4-hour chart has coiled into a pennant and is primed for a breakout....
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XAUUSD
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