Gold rises and eyes are on the Federal Reserve minutes

This decline comes as investors' focus shifts towards evaluating the future path of US interest rates, especially after the decline in the possibility of raising them during the current year, following the release of data showing a slowdown in inflation in the United States to levels below market expectations, coinciding with the issuance of worrying indicators of a slowdown in the US labor market.

US Bond Yields The yield on 10-year US Treasury bonds fell by more than 0.5% on Wednesday.

To continue its losses for the second session in a row, which places more negative pressure on the exchange rate of the US dollar.

US interest rates: According to the CME Group’s “Fed Watch” tool: pricing the odds of the Federal Reserve keeping interest rates unchanged at the September meeting is currently stable at 67%, and pricing the odds of raising interest rates by about 25 points at

33%.

•In order to reprice these possibilities, investors are awaiting, by 18:00 GMT, the release of the minutes of the last meeting of the Federal Reserve, which is expected to include strong signals about the path of US interest rates this year.

Expectations about gold’s performance. We expect here the “FX News Today” website: If the minutes of the Federal Reserve meeting include less aggressive comments than expected in the markets, the odds of raising the rate will decline.

US interest rates this year, which will issue more negative pressure on the levels of the US dollar and revenues, which will favor a rise in gold prices again above the levels of $4,400 per ounce.

SPDR Fund Gold holdings at the SPDR Gold Trust Fund, the largest supported global index fund, decreased on Tuesday by about 5.42 metric tons, bringing the total to 1,025.24 metric tons, giving up...

A total of 1,030.60 metric tons, “which is the highest level since last May 28.”