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Global markets advanced as the Federal Reserve’s expected rate cut continued to lift sentiment across metals and broader commodities. Gold extended its climb above $4,200 while Silver held firm near record levels despite a modest pullback from all-time highs. Meanwhile, the US Dollar eased toward 98.50, reflecting shifting interest rate expectations and softening momentum ahead of Jobless Claims data. Oil weakened below $59.00 amid Ukraine peace deal discussions, and the Australian Dollar remained pressured following mixed employment figures. Overall, the post-Fed environment favors metals and risk assets as traders reposition ahead of incoming US data.
Gold trades above $4,200 as the market reacts to the Federal Reserve’s expected rate cut. Investor optimism and USD weakness have supported further gains, while risk-on sentiment post-Fed keeps demand for safe-haven assets robust.
Geopolitical Risks: Moderate; tensions remain globally but markets focus on Fed policy.
US Economic Data: Soft US data supports gold as the Fed signals lower rates.
FOMC Outcome: Expected Fed cut reinforces bullish sentiment.
Trade Policy: Tariff and trade concerns have minimal short-term impact.
Monetary Policy: Dovish Fed outlook underpins gold strength.
Trend: Bullish above $4,180.
Resistance: $4,220 and $4,250.
Support: $4,180 and $4,150.
Forecast: Gold likely to test $4,250 if momentum persists.
Market Sentiment: Positive; traders focus on Fed-driven gains.
Catalysts: Fed commentary, US labor data, global risk sentiment.
Silver corrects slightly to near $62 after reaching all-time highs, though overall momentum remains firm. Market participants continue to react to the Fed rate cut, which has weakened the Dollar and supported precious metals.
Geopolitical Risks: Minimal direct impact; indirectly influences safe-haven flows.
US Economic Data: Dollar weakness supports silver gains.
Trade Policy: Limited near-term effect on industrial metals demand.
Trend: Bullish but consolidating.
Forecast: Silver likely to stabilize near $62 before testing $63.
Market Sentiment: Firm; buyers remain confident post-Fed.
Catalysts: Fed policy updates, USD moves, gold price correlation.
WTI trades below $59.00 as markets weigh Ukraine peace-deal discussions. While the Fed cut boosts risk assets, oil faces pressure from geopolitical developments and improving supply expectations.
Geopolitical Risks: Ukraine peace talks and Middle East supply developments influence sentiment.
US Economic Data: Strong US data could support demand, but risk sentiment limits upside.
FOMC Outcome: Dovish Fed indirectly favors oil via risk-on sentiment.
Trend: Neutral to mildly bearish.
Resistance: $59.50 and $60.00.
Support: $58.50 and $58.00.
Market Sentiment: Cautious; traders await clearer supply signals.
Catalysts: OPEC announcements, geopolitical developments, inventory data.
AUD/USD remains depressed above 0.6600 after mixed Australian employment data. The post-Fed Dollar weakness provides some support, but the Aussie is constrained by domestic economic uncertainty and cautious risk sentiment.
Geopolitical Risks: Low direct impact; market focus is domestic jobs data.
US Economic Data: Soft USD post-Fed provides slight AUD lift.
FOMC Outcome: Fed dovish stance reduces USD strength, indirectly supporting AUD.
Trend: Neutral to bearish.
Resistance: 0.6630 and 0.6660.
Support: 0.6600 and 0.6575.
Forecast: AUD/USD likely to trade sideways with minor gains possible if risk sentiment improves.
Market Sentiment: Cautious; traders weigh mixed data.
Catalysts: Australian jobs data, Fed commentary, risk sentiment shifts.
The US Dollar Index trades near 98.50 post-Fed rate cut, reflecting a softer USD. Market participants digest the Fed’s dovish move while awaiting upcoming US labor data for further guidance.
Geopolitical Risks: Minimal; focus remains on Fed and domestic data.
FOMC Outcome: Fed cut drives current USD softening.
Trend: Neutral to slightly bearish.
Resistance: 98.80 and 99.20.
Support: 98.20 and 97.90.
Forecast: USD may continue to soften, with consolidation expected until next data release.
Market Sentiment: Cautious; traders digest post-Fed adjustments.
Catalysts: Upcoming US jobs reports, Fed commentary, global risk sentiment.
Metals remain the focal point of today’s session, with Gold and Silver maintaining strong bullish structures supported by the Fed’s dovish shift. The US Dollar’s extended pullback continues to influence commodity flows and cross-currency dynamics, while oil struggles to find direction amid geopolitical negotiations. With upcoming US labor indicators and global risk sentiment in play, markets may see heightened volatility into the next trading cycle. For now, the broader tone stays constructive for metals, mixed for commodities, and cautious for USD-linked pairs as investors digest the full impact of the Fed’s policy move.
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