The US Dollar (USD) faced significant selling pressure after the release of the July jobs report, which fell short of market expectations. The DXY index, a measure of the USD’s performance, dropped to its lowest level since March, approaching 103.20. This downward trend was largely driven by the Federal Reserve’s (Fed) readiness to respond to
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Federal Reserve officials recently announced that they would be maintaining short-term interest rates at their current level. However, they did indicate that inflation is approaching its target, potentially paving the way for future interest rate cuts. This decision comes amid ongoing concerns about economic conditions, although some progress has been noted. While the Federal Reserve
Gold is currently on a path towards recovery as it attempts to surpass the $2,400 resistance zone. After finding support near $2,352 against the US Dollar, the price has started a positive wave above $2,365. The recent movement on the 4-hour chart of XAU/USD shows that the price has crossed the $2,380 level along with