The latest minutes of the Federal Reserve meeting released yesterday showed that officials are inclined to cut interest rates in September. Some officials believe that keeping interest rates unchanged will increase drag on economic activity as inflationary pressures continue to cool. There are also officials who believe that there is an increased risk in the job market, and the market believes that maintaining a dovish stance. At the same time, the United States delayed the release of revised data on March non-farm payrolls, with 818,000 fewer new job positions added in the past 12 months compared to previous reports, further strengthening the market's view of the US embellished data. The market is currently expecting the Fed to start cutting interest rates three times consecutively within the year from September, which makes gold more attractive. However, in terms of geopolitical issues, negotiations on a ceasefire in Gaza have reached an impasse, and the meeting in Cairo later this week is feared to be fruitless. The market continues to pay attention to the Jackson Hole meeting on Friday evening.
ABESAHAM : buy @ sell