Latest Forex Markets Updates for Jan 25th, 2023

 Gold Looking firm

Gold prices rose overnight and are currently trading at around US$ 1,940. Markets are anxious about the state of the US economy, which has been sluggish in recent months.
Rephrase Disappointing PMI data seems to have led many market participants to believe that the Federal Reserve will not raise interest rates as aggressively as previously anticipated. Yields on Treasury securities fell significantly across the board, with the largest declines seen at longer-term maturity levels.
The low return on investment offered by interest-rate products has likely encouraged investors to focus their attention on nonyielding precious metals.
The Federal Open Market Committee (FOMC) is scheduled to convene on Wednesday next week and many market participants expect the central bank to increase interest rates by 25 basis points. This news may affect the value of the US Dollar and gold prices accordingly.

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