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XAU fell as investors took profits

189
traders price a more than 72% chance the Fed will cut interest rates by 25 basis points in September, up from 59% last week. Traders are also pricing in the growing possibility of a second interest rate cut in December.

Key US data points for the week include Fed Chairman Powell's speech to the US Congress on Tuesday and Wednesday. Consumer price index; producer prices on Thursday and Friday - will likely influence the central bank's interest rate outlook.

Elsewhere, in weekend news, a coalition of left-wing parties in France, known as the New Popular Front, won the most seats in the National Assembly election, according to initial predictions.
הערה
SELL XAU 2360
TP1L 2355
TP2: 2347

SL: 2368

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