Today's Forex Commentary
Abstract：Gold fell late in the North American session, down by 0.18%, after hitting a daily peak of $2,529. US inflation data prompted traders to cut longs in the non-yielding metal due to increasing odds that
Gold fell late in the North American session, down by 0.18%, after hitting a daily peak of $2,529. US inflation data prompted traders to cut longs in the non-yielding metal due to increasing odds that the Federal Reserve (Fed) will kick off its easing cycle with a 25-basis-point (bps) interest rate cut. The XAU/USD trades at $2,511.
Sentiment remains positive after the US Bureau of Labor Statistics revealed August’s Consumer Price Index (CPI). Monthly headline inflation remained unchanged, while the monthly core, which excludes food and energy, ticked up a tenth.
Gold opened at around 2513 and rose to around 2514 at the highest and around 2511 at the lowest before press time.Pay attention to the resistance of 2530-2540-2550. If it fails to break through, it will test2500-2490-2480
WikiFX Broker
Latest News
The Dollar Keeps Falling: How Should We View Exchange Rate Volatility?
WikiFXAsia-Pacific markets rise as investors parse a slew of data releases
WikiFXAsia-Pacific markets mostly rise as investors parse a slew of data releases
WikiFXWikiFX Gala Night Malaysia Concludes Successfully
WikiFXIG Group Unlocks Over £425 Million amid a Capital Reduction
WikiFXGold Prices Fall by INR 39,300 in the Last Week? What's Next Week's Outlook?
WikiFXEuropean stocks open slightly higher as UK-U.S. trade deal cuts autos, aviation tariffs
WikiFXTreasury yields tick lower as Trump's spending bill in focus
WikiFXEuropean stocks mixed as UK-U.S. trade deal cuts autos, aviation tariffs
WikiFXRipple and SEC Drop Appeals, Bringing 5-Year Legal Saga to a Close
WikiFXRate Calc
