Based on CME's FedWatch Tool, markets are presently pricing in a 65% possibility of a U.S. rate cut in September.
Read MoreBased on CME's FedWatch Tool, markets are presently pricing in a 65% possibility of a U.S. rate cut in September.
As per the data released on Friday, the United States' job growth slowed down in April more than anticipated.
According to CME's FedWatch Tool, markets are pricing a 67% possibility of a rate drop in the United States in September.
Spot gold was almost unchanged at $2,302.51 an ounce. This week, prices decreased by more than 1%. The ounce of U.S. gold futures remained unchanged at $2,310.40.
Investors are now anticipating this Friday's release of the U.S. nonfarm payrolls data.
Following a March report indicating higher-than-expected consumer price inflation, expectations for Fed rate cuts have been tempered among traders.
NSE emphasized the need for clients/members to only trade to reduce their positions and cautioned against increasing open positions during this period
Brent crude oil futures had dropped 21 cents, or 0.3%, to $82.95 per barrel. At $78.25 a barrel, U.S. West Texas Intermediate crude futures dropped 13 cents, or 0.2%.
Based on CME's FedWatch Tool, markets are presently pricing in a 65% possibility of a U.S. rate cut in September.
The US dollar remained stable at 105.41 against a basket of currencies, a considerable distance from its one-month low that it reached last week.
NSE emphasized the need for clients/members to only trade to reduce their positions and cautioned against increasing open positions during this period
Brent crude oil futures had dropped 21 cents, or 0.3%, to $82.95 per barrel. At $78.25 a barrel, U.S. West Texas Intermediate crude futures dropped 13 cents, or 0.2%.
Based on CME's FedWatch Tool, markets are presently pricing in a 65% possibility of a U.S. rate cut in September.
The US dollar remained stable at 105.41 against a basket of currencies, a considerable distance from its one-month low that it reached last week.
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