US CPI on Wednesday, the retail sales report and PPI on Thursday, plus the RBA minutes, Australian jobs and UK GDP. What each release could mean for US 500, XAU/USD, AUD/USD and GBP/USD.
All posts
23 min
Gold Fed rate hike bets have been the single biggest weight on the metal all year, and over one week in August that weight came off. US payrolls fell by 23,000 in July when the market was looking for a gain of about 80,000, and consumer price inflation then slowed to 3.4%. The implied odds of a September rate increase have dropped to around 40%, from roughly two thirds at the start of the month. Gold has recovered more than 430 USD from its June low and now trades at 4,373 USD, just under the 200-day moving average it lost in June.
10 min
What was the price of gold (XAU/USD) and what are the forecasts for gold in 2024? What factors influenced the rate of gold? How to analyse an XAU/USD chart.
6 min
We will look at the current situation on the gold price chart (XAU/USD). We will assess trading prospects for this asset based on technical analysis, fundamental factors, and indicator signals.