The Price of Tomorrow: Why Deflation is the Key to an Abundant Future

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Other important group of influent pairs includes: EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, NZD/USD and USD/CAD. Bonds: Bund (the German word for "bond", a debt security issued by Germany's federal government) and T-Note (Treasury Note, a marketable U. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors.

Gold Forecast, News and Analysis - FXStreet Gold Forecast, News and Analysis - FXStreet

Moving on, gold traders will take monitor the US employment data, including the weekly Initial Jobless Claims. On the other hand, the weaker Chinese data might cap the gold’s upside as China is the world's largest gold producer and consumer. Federal Reserve (Fed) Chairman Jerome Powell stated that the rise in long-end yields needs to be persistent and driven by higher term premiums to influence monetary policy while mentioning that the current monetary policy is already restrictive.The rebound of precious metal is bolstered by a decline in the US Treasury bond yields following the the Federal Open Market Committee (FOMC) policy meeting. The XAU/USD pair tells the trader how many US Dollar (the quote currency) are needed to purchase one Gold Ounce (the base currency). The Federal Reserve’s (Fed) monetary policy meeting and October jobs data from the US could drive XAU/USD’s action next week, with geopolitics moving to the back burner.

Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The weaker US Dollar (USD) after the Federal Open Market Committee (FOMC) policy meeting lends some support to the major pair. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.Zurich Gold Pool founded in 1968 by the largest banks in Switzerland after the collapse of the London Gold Pool. It is known to be a “safe-haven” asset, it is expected to increase its value in times of volatility and economic uncertainty.