Gold Price Forecast: XAU/USD eyes further downside on hawkish Federal Reserve talks Gold XAUUSD Fed Inflation SEO
d States inflation-inflicted downside during early Wednesday. Even so, the hawkish Federal Reserve comments and technical breakdown keep the XAU/USD bears hopeful of keeping the reins ahead of the US Retail Sales. rose past market expectations to 6.4% YoY but posted the slowest increase since 2021 while easing below 6.5% prior. More importantly, CPI ex Food & Energy, better known as the Core CPI, grew 5.6% YoY compared to 5.5% market forecasts and the 5.7% previous readings.
US 10-year Treasury bond yields seesaw around 3.75%, up three basis points after refreshing a six-week high whereas the two-year counterpart jumped to the highest level since early November 2022 by poking 4.62%. That said, bounced off one week low to end the day on the positive side near 103.25. Further, Wall Street closed mixed even after the mostly upbeat performance of the Asian and European markets.
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 shows volatility contraction above $1,860 ahead of US InflationGold price (XAU/USD) is demonstrating a decline in volatility ahead of the United States inflation data for fresh impetus. The precious metal is displ
Read more »
Gold Price Forecast: XAU/USD retreats towards $1,850 amid US inflation woes, mystery object inspired fearsGold price (XAU/USD) remains depressed around $1,860 as sour sentiment underpins the US Dollar rebound during early Monday. Also exerting downside pre
Read more »
Gold Price Forecast: XAU/USD could plunge to $1,825 on a sustaneid break below $1,850Gold price is trading with moderate losses. XAU/USD could target $1,825 if the 50-Daily Moving Average support fails, FXStreet’s Dhwani Mehta reports.
Read more »
Gold Price Forecast: XAU/USD manages to defend 50 DMA, upside remains cappedGold price extends its consolidative price move through the early European session on Monday and is currently placed around the $1,865 region. The XAU
Read more »
Gold Price Forecast: XAU/USD could dive below $1,800 on more technical sell-offs – ANZGold’s bullish momentum has been fading. A further sell-off could confirm prices falling below $1,800 in the short-term, strategists at ANZ bank repor
Read more »
Gold Price Forecast: XAU/USD bears comply with symmetrical triangleGold price was choppy in New York but decisively bearish as per the technicals and failures to rally even on US Dollar weakness as the session got goi
Read more »