Gold appears to have jumped from $2039 to $2088, after the price broke through the upper band line in roughly 2050, the price shot up to reach 2088. Three officials from the United States Federal Reserve (The Fed) central bank stated that the rate of reduction in the benchmark interest rate would depend on economic data which will come. Fed officials have said they want to see more evidence that inflation is on a downward path before cutting interest rates. Mainly the consumer price index (CPI/CPI) figures were higher than expected.
#gold #xauusd #ticktrader #fxopenuk
#gold #xauusd #ticktrader #fxopenuk
