Gold 25.08 US inflation spiked, putting pressure on gold

⚡️Gold was also set for its first positive week in five, as it recovered from five-month lows hit earlier in August. Despite Friday’s losses, spot prices also retained the closely-watched $1,900 per ounce level.

⚡️Still, the outlook for the yellow metal remained muddled by the prospect of higher U.S. interest rates. The dollar stood at an over two-month high on Friday, while Treasury yields rose back towards multi-decade highs.

⚡️Gold is trading in a very narrow range, as if all eyes are on today's conference

⚡️Share your ideas with Krado, I'm looking forward to it⚡️

הערה:

⚡️Congratulations everyone, 1 week of winning sell 1920 + 160 pips⚡️

הערה:

⚡️Immediately after the Fed Chairman's speech, the CME's FED tracking tool showed that Wall Street experts and investors predict the next Fed rate hike may be in November. The probability of an increase is more than 46%. , is higher than the ability to keep the same. The expected increase is 0.25 percentage points.⚡️

⚡️Krado will update economic news every day, please watch it⚡️