Gold May Continue Its Rally to New Highs. Forecast as of 10.09.2024

The precious metal has lost support from Asia, as evidenced by the People's Bank of China's reluctance to buy it. However, gold will benefit from lower federal funds rate. Let's discuss these topics and make a trading plan for the XAUUSD.Highlights and key points The People's Bank of China does not buy gold for the fourth consecutive month. The XAUUSD's reaction to US employment data reduces the chances of a pullback. Inflation and the US presidential debate may offer insight into gold's fu