Gold prices have experienced a slight decrease in recent trading sessions, but they continue to show significant growth, maintaining their increase at $1915.
The market is eagerly awaiting the speeches of Jerome Powell, Chairman of the Federal Reserve, and the President of the European Central Bank (ECB) at the annual economic conference today.
These anticipated speeches will provide a deep insight into the future monetary policy direction of central banks. The ECB is expected to pause its tightening cycle at its September meeting, while US interest rates are predicted to remain high for an extended period due to considerable inflationary pressures.
The market is eagerly awaiting the speeches of Jerome Powell, Chairman of the Federal Reserve, and the President of the European Central Bank (ECB) at the annual economic conference today.
These anticipated speeches will provide a deep insight into the future monetary policy direction of central banks. The ECB is expected to pause its tightening cycle at its September meeting, while US interest rates are predicted to remain high for an extended period due to considerable inflationary pressures.
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good luck everyone <3
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US inflation fell by two thirds from 9.1% to 3.2% in July. The labor market is still good, unemployment is low, Americans are still increasing consumer spending.
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“There is an expectation that most Fed speakers will continue to emphasize the importance of controlling inflationary pressures,” said David Meger, director of metals trading at High Ridge Futures.
