#economic_calendar

These events may affect the market on 28 August.

Gold steadies near record highs ⬆️—can PCE data shift the outlook?

Gold is trading just under $3,400 as markets await Friday's PCE inflation print. Could strong data derail expectations for a September rate cut?

👉 Key takeaways

• Events. XAUUSD remains elevated, supported by expectations of Fed easing. Markets now price an 89% chance of a 25 bps cut in September ✂️

• Background. President Trump moved to dismiss Fed Governor Lisa Cook, though the decision faces legal pushback. Fed Chair Powell's dovish tone at Jackson Hole reinforced easing bets.

• Possible outcome. PCE data will be crucial. Hot inflation could derail September cut expectations, lift the dollar, and pressure gold. Softer numbers would support current record levels 🏋️

👉 Tip for traders

Watch Friday's PCE release—its outcome may decide whether gold keeps climbing or faces a pullback."

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☀️ Gold shines bright—but will inflation dim its glow? ☔️

Gold is trading at nearly $3,410, its best performance since April. But with fresh inflation data on the way, could the rally lose steam? 💨 Read more to find out.

👉 Key takeaways

• Events. Gold is set for its second weekly gain, boosted by a weaker U.S. dollar and safe-haven demand.

• Background. Uncertainty over U.S. rate cuts and political pressure on the Federal Reserve (Fed) push investors towards gold.

• Possible outcome. If inflation picks up, the Fed may stay hawkish, strengthening the dollar and putting pressure on gold prices ⚖️

👉 Tip for traders

Watch today's U.S. personal consumption report. Strong inflation data could reverse gold's rally, so be ready to adjust your strategy.

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After bouncing back above the $3,400 level, XAUUSD is now facing a tough test: the formation of a bearish harmonic Bat pattern along with strong resistance levels reaching $3,485.

Share your thoughts in the comments💬
Do you expect this pattern to fail, pushing gold to new highs?
Or will gold decline under the pressure of the bearish technical setup and current resistance levels?

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✨ Gold shines bright as uncertainty grows—what's next for prices? 👀

Gold price rose to $3,480 per ounce on Monday—not far from record highs. But what's behind the surge, and could this be just the beginning?

👉 Key takeaways

• Events. Gold jumped as markets reacted to legal drama over Trump's tariffs and his attempts to fire a Federal Reserve Governor, Lisa Cook.

• Background. Friday's court hearing on Lisa Cook's dismissal ended without a ruling. At the same time, a federal appeals court declared that Trump's tariffs were illegally imposed 🧑‍⚖️ Tariffs will stay in place until 14 October, giving the Trump administration time to appeal.

• Possible outcome. Market uncertainty typically drives investors to gold, a traditional safe haven. So if political confusion lingers or economic data disappoints, gold could climb even higher 📈

👉 Tip for traders

Watch U.S. labour market data this week—weak numbers could push the gold price further or hint at the Federal Reserve's next move."

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🚀 Silver has smashed through all technical and fundamental barriers, soaring to its highest level since 2011, fueled by optimism around a potential Fed rate cut in the upcoming meetings.

🔎 From a technical perspective, the price has broken out of its ascending channel and retested it, paving the way for a powerful rally and a new 14-year high.

❓Now the big question is:
Will silver continue breaking records, or are we about to witness a major correction wave?

💬 Share your thoughts in the comments!

#economic_calendar

These events may affect the market on 2 September.