Gold: The Upward Momentum Remain Limited as the 25BP Rate Cut

Hello everyone! Today i want to share some macro analysis with you!

Friday (8 November) in the Asian market, spot gold short-term sudden sharp fall, the gold price just fell below the 2700 U.S. dollars / ounce mark; the last trading day gold prices surged nearly 2%! Despite the strong rebound in gold prices on Thursday, gold's bullish potential remains limited.

On Thursday, spot gold surged more than 47 U.S. dollars, the federal reserve interest rate cuts to the dollar and bond yields under pressure, and boost the investment attractiveness of non-interest-bearing gold.

The fed announced on Thursday will benchmark interest rate cut 25 basis points to 4.50%-4.75%, for the second consecutive rate cut, in line with market expectations.

For the pace of rate cuts, Fed Chairman Jerome Powell said the Fed may accelerate the pace of rate cuts if the labour market weakens or slows near neutral. $Gold - main 2412(GCmain)$ $XAU/USD(XAUUSD.FOREX)$

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Gold Hits $2800! Have You Jumped In?

Gold hits $2800 yesterday. The precious metal has risen 34% YTD. ----------------- Will the price of gold reach $3,000 this year? Have you jumped in the asset? Are you bullish on gold as USD will decrease?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The precious metal has risen 34% YTD.\n-----------------\nWill the price of gold reach $3,000 this year?\nHave you jumped in the asset?\nAre you bullish on gold as USD will decrease?","image":"https://community-static.tradeup.com/news/fa205bc5220f89bda52097b098fae8ad"}],"images":[{"img":"https://community-static.tradeup.com/news/c1f43f7341534ae68d42ad2573f970e1","width":"832","height":"458"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/c1f43f7341534ae68d42ad2573f970e1","width":"832","height":"458"}],"title":"Gold: The Upward Momentum Remain Limited as the 25BP Rate Cut","html":"<html><head></head><body>Hello everyone! Today i want to share some macro analysis with you!1.Friday (8 November) in the Asian market, spot gold short-term sudden sharp fall, the gold price just fell below the 2700 U.S. dollars / ounce mark; the last trading day gold prices surged nearly 2%! 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Today i want to share some macro analysis with you!1.Friday (8 November) in the Asian market, spot gold short-term sudden sharp fall, the gold price just fell below the 2700 U.S. dollars / ounce mark; the last trading day gold prices surged nearly 2%! Despite the strong rebound in gold prices on Thursday, gold's bullish potential remains limited.On Thursday, spot gold surged more than 47 U.S. dollars, the federal reserve interest rate cuts to the dollar and bond yields under pressure, and boost the investment attractiveness of non-interest-bearing gold.The fed announced on Thursday will benchmark interest rate cut 25 basis points to 4.50%-4.75%, for the second consecutive rate cut, in line with market expectations.For the pace of rate cuts, Fed Chairman Jerome Powell said the Fed may accelerate the pace of rate cuts if the labour market weakens or slows near neutral. <a data-mention-id=\"GCmain\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2412\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2412(GCmain)$</a> <a data-mention-id=\"XAUUSD.FOREX\" class=\"teditor-mention\" data-mention-name=\"XAU/USD\" href=\"https://ttm.financial/S/XAUUSD.FOREX\">$XAU/USD(XAUUSD.FOREX)$</a> <img src=\"https://community-static.tradeup.com/news/c1f43f7341534ae68d42ad2573f970e1\" tg-width=\"832\" tg-height=\"458\">Follow me to learn more about analysis!!</body></html>","text":"Hello everyone! Today i want to share some macro analysis with you! 1. Friday (8 November) in the Asian market, spot gold short-term sudden sharp fall, the gold price just fell below the 2700 U.S. dollars / ounce mark; the last trading day gold prices surged nearly 2%! Despite the strong rebound in gold prices on Thursday, gold's bullish potential remains limited. On Thursday, spot gold surged more than 47 U.S. dollars, the federal reserve interest rate cuts to the dollar and bond yields under pressure, and boost the investment attractiveness of non-interest-bearing gold. The fed announced on Thursday will benchmark interest rate cut 25 basis points to 4.50%-4.75%, for the second consecutive rate cut, in line with market expectations. For the pace of rate cuts, Fed Chairman Jerome Powell said the Fed may accelerate the pace of rate cuts if the labour market weakens or slows near neutral. $Gold - main 2412(GCmain)$ $XAU/USD(XAUUSD.FOREX)$ Follow me to learn more about analysis!!","highlighted":1,"essential":1,"paper":2,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/368741131849816","repostId":0,"isVote":1,"tweetType":1,"viewCount":169,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["XAUUSD.FOREX","GCmain"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":832,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/368741131849816"}