- The recent decline in Crude Oil prices is expected to ease inflationary pressures and allow major central banks to cut interest rates further, which continues to drive flows towards the non-yielding Gold price.
- The European Central Bank is on course to deliver its third interest rate cut of the year this Thursday, while a sharp drop in the UK inflation reaffirmed bets for a rate cut by the Bank of England in November.
- Moreover, the CME Group's FedWatch Tool indicates over a 90% chance that the Federal Reserve will lower borrowing costs by 25 basis points next month, dragging the US bond yields to over a one-week low.
- Meanwhile, the US Dollar prolonged its well-established uptrend witnessed since the beginning of this month and climbed to its highest level since early August, though it did little to discourage the XAU/USD bulls.
- The recent comments from officials at the London Bullion Market Association's annual conference suggest that central banks remain keen buyers of bullion to diversify their reserves for financial or strategic reasons.
- The United Nations (UN) said that Israeli forces have fired at its peacekeeping position, forcibly entered a base, stopped a critical logistical movement, and injured more than a dozen of its troops in southern Lebanon.
- According to a source familiar with the matter, Israel’s plan to respond to Iran’s October 1 attack is ready, raising the risk of a further escalation of geopolitical tensions and a full-blown war in the Middle East.
- China's housing minister, during a press briefing this Thursday, said that the government will add 1 million village urbanization projects and will adopt monetisation measures for the said urbanisation projects.
- Later during the early North American session, traders will take cues from the US economic docket – featuring the release of Retail Sales, Weekly Initial Jobless Claims and the Philly Fed Manufacturing Index.
- Furthermore, the ECB monetary policy decision might infuse volatility in the markets and provide some meaningful impetus to the safe-haven precious metal, allowing traders to grab short-term opportunities.
Tuyên bố miễn trừ trách nhiệm: Nội dung trên chỉ đại diện cho quan điểm của tác giả hoặc khách mời. Nó không đại diện cho quan điểm hoặc lập trường của FOLLOWME và không có nghĩa là FOLLOWME đồng ý với tuyên bố hoặc mô tả của họ, cũng không cấu thành bất kỳ lời khuyên đầu tư nào. Đối với tất cả các hành động do khách truy cập thực hiện dựa trên thông tin do cộng đồng FOLLOWME cung cấp, cộng đồng không chịu bất kỳ hình thức trách nhiệm nào trừ khi có cam kết rõ ràng bằng văn bản.
Website Cộng đồng Giao Dịch FOLLOWME: www.followme.asia
Ủng hộ nếu bạn thích
Tải thất bại ()