Most investors expect the precious metal to continue to rise next week. Experts are also optimistic about the gold price increase.
After the jobs report was released, the possibility that the US Federal Reserve (Fed) wants the economy to achieve a soft landing is very low. US growth depends largely on consumption, so sluggish consumption will lead to slow growth.
The disappointing jobs data shows that the Fed made a policy mistake by waiting too long to cut interest rates.
After the jobs report was released, the possibility that the US Federal Reserve (Fed) wants the economy to achieve a soft landing is very low. US growth depends largely on consumption, so sluggish consumption will lead to slow growth.
The disappointing jobs data shows that the Fed made a policy mistake by waiting too long to cut interest rates.
Note
SELL XAUUSD2461 - 2459TP1: 2454
TP2: 2445
SL: 2468
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.