XAU has formed a very clear uptrend
If it breaks the barrier in 2008, XAU will probably increase very high
According to the minutes of the two-day policy meeting (October 31-November 1) published on November 21, US Federal Reserve (Fed) officials agreed to act cautiously and only increase interest rates. rate if progress in controlling inflation slows down.
The minutes showed that all agreed that the Fed's Federal Open Market Committee (FOMC) could proceed cautiously and that support for interest rates appeared to be fading.
Inflation has slowed, with consumer prices in October flat compared to previous months, and while the Fed has not declared the war on inflation over, the discussion has turned to focus on on how long to keep interest rates in the current 5.25%-5.50% range. range.
The minutes said further tightening of monetary policy would be appropriate if information showed that the FOMC's path toward the inflation target was insufficient.
If it breaks the barrier in 2008, XAU will probably increase very high
According to the minutes of the two-day policy meeting (October 31-November 1) published on November 21, US Federal Reserve (Fed) officials agreed to act cautiously and only increase interest rates. rate if progress in controlling inflation slows down.
The minutes showed that all agreed that the Fed's Federal Open Market Committee (FOMC) could proceed cautiously and that support for interest rates appeared to be fading.
Inflation has slowed, with consumer prices in October flat compared to previous months, and while the Fed has not declared the war on inflation over, the discussion has turned to focus on on how long to keep interest rates in the current 5.25%-5.50% range. range.
The minutes said further tightening of monetary policy would be appropriate if information showed that the FOMC's path toward the inflation target was insufficient.
Comment:
Bank holiday bull market
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