XAUUSD - Precious metals wait for new signals from the Fed
World gold prices this morning were stable with spot gold down 1.7 USD/ounce to 1,931.7 USD/ounce. Gold futures last traded at $1,953.40 an ounce, down $0.30 from the bright spot.
The precious metals market was quiet at the beginning of this week while waiting for information related to the US Federal Reserve's (Fed) monetary policy meeting. The debate will end on September 20 (USA) according to the Fed's decision and the report meeting of Fed Chairman Jerome Powell. Both bulls and bears expressed caution before looking at the Fed's monetary policy in the near future.
Currently, most predict that the Federal Open Market Committee (FOMC), the Fed's policy-setting mechanism, will support US monetary policy and not raise interest rates at this meeting, but still has high speed.
In an article in the Wall Street Journal, experts said that rising oil prices could make a "soft landing" of jobs impossible. Looking back to the 1970s, rising energy prices helped push the United States into recession. This also happened in the 1980s and 1990s, when we inflated supply and robbed consumers of their purchasing power.
Experts say that source shocks such as escalating oil prices put the Fed in a difficult position of both containing rising inflation and slowing economic growth, leaving the Fed struggling to know what to do. Keep interest rates unchanged or continue to increase to control inflation.
The precious metals market was quiet at the beginning of this week while waiting for information related to the US Federal Reserve's (Fed) monetary policy meeting. The debate will end on September 20 (USA) according to the Fed's decision and the report meeting of Fed Chairman Jerome Powell. Both bulls and bears expressed caution before looking at the Fed's monetary policy in the near future.
Currently, most predict that the Federal Open Market Committee (FOMC), the Fed's policy-setting mechanism, will support US monetary policy and not raise interest rates at this meeting, but still has high speed.
In an article in the Wall Street Journal, experts said that rising oil prices could make a "soft landing" of jobs impossible. Looking back to the 1970s, rising energy prices helped push the United States into recession. This also happened in the 1980s and 1990s, when we inflated supply and robbed consumers of their purchasing power.
Experts say that source shocks such as escalating oil prices put the Fed in a difficult position of both containing rising inflation and slowing economic growth, leaving the Fed struggling to know what to do. Keep interest rates unchanged or continue to increase to control inflation.
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