country flagالعربية

Gold prices fell ahead of Federal Reserve Chairman speech

2019-08-21 12:08 pm | Resource: News | No Views : 36

 Gold prices fell  ahead of Federal Reserve Chairman speech

Gold prices fell slightly on Wednesday but remained above the $ 1,500 an ounce level, as investors awaited a July policy meeting later in the day and Federal Reserve Chairman Jerome Powell's speech at an annual meeting in Jackson Hole, Wyoming on Friday. Of US interest rate cuts.

US stock index futures edged higher on Wednesday, as upbeat earnings reports from retailers Louise & Target reflected strong consumer demand, helping ease some concerns about slowing economic growth. The focus of the day will be the release of the minutes of the Fed meeting in July, when it cut interest rates for the first time in more than a decade.

After cutting interest rates by 25 basis points last month, Federal Reserve Chairman Jerome Powell suggested that the rate cut should not be considered "the beginning of a long cut cycle." However, the CME Group FedWatch currently indicates a 95 per cent chance of a 25bp rate cut in September.

President Donald Trump wants the Fed to cut interest rates by 100 basis points and restart quantitative easing to boost the economy. Meanwhile, traders largely ignored Trump's anti-China rhetoric. Trump said on Tuesday he should confront China over trade even if it caused short-term damage to the US economy "because Beijing has been betraying Washington for decades."
  •  The Dow rose 169 points, or 0.65%. At 12:58 CET
  • The S&P 500 rose 21.25 points, or 0.73%
  • The Nasdaq 100 Index rose 65.25 points or 0.85%.

Gold Trading

Other analysis

Best Opportunities, Vision and Technical Analysis for The Oil 17 April 2019

(CURDE OIL - WTI ) We offer you oil analysis denominated by US dollar on Wednesday, April 17, 2019, with the most important forecast for the price of oil denominated by US dollars in the market. Time frame Used - four hours Oil is moving in a sideway direction in the near term. The purchasing power managed to push oil higher to close at the end of trading today, rising…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.