The last trading day of the month—and gold is heading for the finish with a loss of about 5%.
But today the market may get a new reason to move.
Later, the U.S. PCE inflation data will be released. And for now, expectations for the next Fed meeting have already shifted noticeably toward holding the rate without a hike.
Now, all attention is on the figures.
PCE → Treasury yields → the dollar → gold.
And there’s also the yen, plus geopolitics in the Middle East and Eastern Europe.
Too many factors are converging at one point. Today the market can quickly change its mood.
$XAUT $XAU
But today the market may get a new reason to move.
Later, the U.S. PCE inflation data will be released. And for now, expectations for the next Fed meeting have already shifted noticeably toward holding the rate without a hike.
Now, all attention is on the figures.
PCE → Treasury yields → the dollar → gold.
And there’s also the yen, plus geopolitics in the Middle East and Eastern Europe.
Too many factors are converging at one point. Today the market can quickly change its mood.
$XAUT $XAU
