Gold Price Forecast: XAU/USD eyes fresh record high on softer United States inflation, US Dollar Gold XAUUSD SEO Inflation Fed
Easy United States inflation, Fed policy pivot talks weigh on US Dollar and propel XAU/USD.
Despite the latest inaction, the XAU/USD cheers softer US Dollar amid downbeat United States inflation clues and talks of the Federal Reserve policy pivot, mainly backed by the latest data and events. Adding strength to the Gold price upside are the recession woes and upbeat headlines from China, one of the world’s biggest XAU/USD consumers.
On a different page, multiple statements from the International Monetary Fund and the World Bank spring gathering of global central bank officials suggest that the recession woes are more likely in the West. The same weigh on the US Dollar amid softer inflation data and propel the Gold price.
The same joins impressive bullish signals from the Moving Average Convergence and Divergence indicator to suggest a pullback in the Gold price.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD soars above $2,010 as Fed policymakers see quick US Inflation softeningGold price (XAU/USD) has shown a quick move above the critical resistance of $2,010.00 in the Asian session. The precious metal has jumped above $2,01
Read more »
Gold Price Forecast: XAU/USD looks to challenge the $2,032 hurdle amid bullish daily technical indicatorsGold price is extending the previous rebound above the $2,010 mark. XAU/USD could retest yearly top at $2,032, FXStreet’s Dhwani Mehta reports. United
Read more »
Gold Price Forecast: XAU/USD reaction to US CPI to be anything but trivial – CommerzbankToday’s Consumer Price Index (CPI) figures from the US Bureau of Labor Statistics are due out at 12:30 GMT. Economists at Commerzbank analyze how coul
Read more »
Gold Price Forecast: XAU/USD trades above $2,000 ahead of US CPI/FOMC minutesGold price scales higher for the second successive day and touches a fresh weekly high, around the $2,021 area on Wednesday, albeit lacks follow-throu
Read more »
Gold Price Forecast: XAU/USD recovery since the beginning of the week to be unsustainable – CommerzbankIn recent weeks, Gold's price broke above the $2,000 level and approached its record of $2,075 set in August 2020. However, economists at Commerzbank
Read more »
Gold Price Forecast: XAU/USD should benefit from negative real yields in Q2 – Erste GroupGold price rose by +8% in USD in the first quarter. Economists at Erste Group Research expect the yellow metal to advance nicely in the second quarter
Read more »