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After the recent CPI numbers were released, investor sentiment indicated an 85% likelihood of a rate cut at the Federal Reserve's September meeting, up from approximately 70% the prior trading session. This expectation shift has boosted the appeal of gold, as declining interest rates make gold more attractive. Following the release of US inflation data, the dollar fell to a one-month low, enhancing gold's appeal to investors and traders, while the US 10-year Treasury yield dropped to a four-month low. Chairman Jerome Powell suggested that the Fed was nearing a decision on implementing a rate cut if data indicated inflation was trending to their 2 % target.
The question now is, what to buy and what to sell?
