XAU continues to rise amid tensions in the Middle East
Updated
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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