Gold Price for this week
If you are looking at the employment data to predict the direction of the US economy, you will be confused. The big headline is that Amazon is cutting 18,000 employees. Alphabet is cutting 6% of its global staff. Wall Street is also cutting thousands of its employees. And the US labour market is still tight. With that, hopes are growing that the United States and the world can alleviate the economic crisis that many have been predicting since the summer and the fear that has led to depute by speech implying. Indeed, the Davos Central Bank for the World Economic Forum has expressed optimism that they are tackling inflation. Due to the reopening of China. But we have not turned a clear corner when it comes to inflation, according to Conor Sen, who wrote in the Bloomberg Opinion that the market should (prevent for a recovery during the current period).
U.S. federal debt reached its limits on Thursday, and the US Treasury drew up the financial resources of two government-run funds for retirees to avoid irregular payments.
“The White House needs to find a way out of this situation quickly,” Jonathan Bernstein told the Bloomberg Opinion. “They do not want to wait until the car hits the middle of the cliff,” he said.
For trading recommendations, traders can wait to
Buy Gold at $1,925 per ounce
Set stop loss at $1,915 per ounce
Set take profit at $1,956 per ounce