Gold prices declined on Monday under pressure from the strengthening dollar. Investors are closely watching the upcoming key US employment data, which will have an impact on the Fed's interest rate cut this month. The spot price of gold fell 0.3% to $2,494.76 per ounce, and futures are holding at $2,532. The strengthening of the dollar has made gold less attractive to investors, as demand for it is declining. On September 17-18, a rate cut is expected at the Fed meeting. Traders believe that the probability of a 25 basis point rate cut is 69%, and the probability of a 50 basis point cut is 31%. It is the release of data on employment in the US non-agricultural sector on Friday that may be key to shaping the price dynamics of gold. Analysts and investors will closely monitor a number of economic indicators that may affect expectations about the extent of the Fed's monetary policy easing. Earlier, in the previous session, spot gold fell by 1% after data showed that consumer spending in the United States increased significantly in July, which may reduce the likelihood of a 0.5% rate cut.
SZYBKIE LINKI
Skontaktuj się z ForexMart 
