✨ XAU/USD Gold Update; touching near 4,150! ✨
Supported by expectations that the Fed might cut rates soon 👀💛
📈 Gold is moving up around 4,140 – 4,150 this Tuesday morning in Asia.
📊 Market now sees 79% chance the Fed will cut rates in December (CME FedWatch).
🗓️ Data to watch today: ADP Jobs, Retail Sales, PPI.
🔸 Market Vibes
✨Gold is getting some buying power back ✨ because many Fed members (like Waller & Daly) are hinting that rate cuts might be coming, since the US job market is cooling down a bit 😮💨📉
✨Lower interest rates = lower holding costs for gold → which usually pushes gold up 💛📈
✨Right now the market is almost 80% sure the Fed will cut 0.25% next meeting a big jump from only 30% earlier 👀🔥
🔸 What to keep an eye on
📂 US PPI (expected +0.3% MoM)
🛍️ Retail Sales (expected +0.4% MoM)
If the numbers come out stronger than expected 📈
👉 USD might get stronger
👉 which can push gold down again 💥🪙
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