Gold Price RECAP January 27-31
Happy Friday, traders. Welcome to our weekly market wrap, where we look back on these last five trading days, focusing on market news, economic data and titles, which have maximized gold prices and other major communication assets and can continue in the future.
Friday morning gold prices are making efforts and completing the completion of the trading level of the record level and unite.
Regardless of how to trade yellow metal in the next days, Monday was just as ugly for gold pricing, as it was for many other basic assets classes. The LED collapse of the technical industry has turned the most financial media outlets in the Sea of Red to the Sea of Red. Marginal requirements are pushed to make the first opportunity to help many aid to the world with traders and portfolio managers. The heavy liquidation of gold positions for cash is greatly considered to pricing metal pricing, offers $ 2,765 a week / 2730 dollars.
Despite the rough launch, and even the accepted assumption that FOMC will not provide this week with another consecutive interest, there was a little concern that the gold losses were brought on Monday. This is because the market was still waiting for the main engine of evaluations in all assets, but in particular the US dollar and its treasury newspaper on the continuous flow of the continuous flow and action of the announcements presented in its second week. The assessment turned out to be true and the consistent temptation of the global economic uncertainty created by Trump White House has allowed gold to be perceived in the afternoon on Tuesday and Wednesday morning.
The FOMC widely performed, as expected, which was generally understood by a greedy tone, by the decision of the Committee and the announcement was coincided with the plates for gold. Fed stated that for the first time during the three meetings, there is no change of policy pace. The committee’s statement highlighted the resumption of the current labor market (removal of the pressure point) եւ “Progress” presumes restoration, inflation pressures) in the vacuum. It causes more to want more than two interest rates 2025.
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