XAUUSD - Supported by a slight decline in the US Dollar market

5 сент. 2023 г.

September is almost over at this point, referring to the Fed's upcoming monetary policy meeting on September 19-20, when markets mostly expect interest rates to remain unchanged. Data since the most recent policy meeting have added to the impression that the US economy is cooling without cracking, strengthening the argument against further interest rate hikes and thereby supporting zero-interest gold. capacity.

The precious metal will depend on what happens to Treasury yields ahead of the September FOMC meeting. If we see yields falling based on interest rate expectations, this would be a positive development for interest rates. Yellow. At least seven Fed officials will speak this week.