XAUUSD: Gold prediction at the start of the new week 25 SEPT
Amidst a general aversion to risk, the price of gold is stabilizing as investors consider the potential impact of the Federal Reserve's more stringent monetary policy on global markets. Additionally, attention is now turning towards the Bank of England's upcoming interest rate decision. Up until Tuesday, there was an 80% chance that the BoE would raise rates by 25 basis points on Thursday. However, unexpectedly weak inflation data from the UK has dampened expectations for tightening measures, leaving it uncertain whether a rate hike or a pause will be chosen – both possibilities standing at an equal likelihood of 50%.
Should the Bank of England deliver a dovish verdict, this could benefit gold as it does not bear any interest. It is worth noting though that other factors such as weekly jobless claims and various minor reports from the United States may also have an impact on dollar valuation which in turn could influence gold prices.
Should the Bank of England deliver a dovish verdict, this could benefit gold as it does not bear any interest. It is worth noting though that other factors such as weekly jobless claims and various minor reports from the United States may also have an impact on dollar valuation which in turn could influence gold prices.
评论:
Investors have a basis to expect the price of gold to increase, because gold is reacting in a positive direction when the US Federal Reserve (Fed) did not raise interest rates on September 20 due to economic risks. The US economy may decline.
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🕯 BUY GOLD | 1912 - 1914
🔴 SL: 1908
🟢 TP1: 1920
🟢 TP2: 1925
🔴 SL: 1908
🟢 TP1: 1920
🟢 TP2: 1925
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