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🅰🔠🔡🆎 ➡🥇➡ Gold surged after Fed cut rates. What's next for the metal? Gold prices rose for the second day, nearing the record highs set in October. Learn what is driving this upward momentum in our breakdown below 💙 🪙 Key takeaways

• Events. Gold increased to around $4,230 per ounce on Wednesday, following the Federal Reserve's (Fed) expected rate cut 🚀 Fed Chair Powell signalled a preference for cutting rates rather than raising them, with no plans for rate hikes. • Possible outcome. If the Fed maintains its dovish stance, gold could keep rising, especially amid global uncertainty 🥇 Unexpected developments or shifts in market sentiment could lead to short-term volatility.

🪙 Tip for traders Monitor the Fed's stance on future rate cuts, as well as global tensions. As gold thrives in times of uncertainty, be prepared for potential volatility and consider managing risk with stop losses.

#economic_calendar These events may affect the market on 11 December.

Trader’s Corner – Fed decision in focus with GOLD stalling and SILVER hitting new record high GOLD trades sideways near 4,200 ahead of an expected 25bps Fed rate cut, while SILVER hits a record high of 61.61 and USD slightly softens. More info in our Trader’s Corner 👉https://bit.ly/RP_SM25

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#economic_calendar These events may affect the market on 10 December.

These are the biggest events to watch this week: The Chinese CPI report and various UK data for October are on the menu this week, but central bank meetings will steal the limelight. The RBA, the BoC and the SNB will announce their rate decisions, with investors mostly focusing on the Fed meeting and the widely anticipated rate cut. Stay ahead of the markets. See the full Economic Calendar here: #XM #XMIndia #EconomicCalendar