Gold price (XAU/USD) recovers strongly as investors see no more interest rate increases from the Federal Reserve (Fed) for the remainder of 2023. The Fed seems to be done with its historically aggressive interest rate hiking cycle in the absence of economic indicators that support further upside risks to inflation. The recovery move in the precious metal is also backed by a correction in the US Dollar after China’s Retail Sales and Industrial Production were robust in August.
GOLD BUY : 1917
TP. : 1925
TP. : 1930
TP. : 1935
SL. : 1905