Gold Price Forecast: XAU/USD bulls meet resistance and bears eye trendline support Gold Currencies Fed Commodities DollarIndex
Gold price bears eye trendline support while bulls look to $1,920s.
In a joint statement, the US Treasury and Federal Reserve announced a range of measures to stabilise the banking system and said depositors at SVB would have access to their deposits on Monday. The Biden administration on Sunday guaranteed that customers of the failed Silicon Valley Bank will have access to all their money starting Monday. In a joint statement Sunday, Treasury Secretary Janet Yellen, Federal Reserve Chair and Federal Deposit Insurance Corporation Chairman Martin J.
and food prices will likely dent non-core CPI inflation. Our m/m forecasts imply 6.1%/5.5% YoY for total/core prices.´´On the 4-hour timeframe there are prospects of a meanwhile correction into the Friday rally for the opening balance as follows: If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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