Gold Price Forecast: XAU/USD rebounds towards $1,850 as DXY eases ahead of US inflation By anilpanchal7 Gold Commodities XAUUSD Inflation Fed
futures and China’s ability to post upbeat CPI despite ongoing covid woes. Also supporting the yellow metal could be the pullback in the US Treasury yield and the greenback.
Also favoring the prices could be headlines from Shanghai local authorities that mentioned no virus spread in eight districts.who mentioned that the US economy is strong and demand is high while also expecting the neutral rate at 2.0-2.5%. Also challenging the gold buyers is China’s “Zero Covid Tolerance” policy despite the World Health Organization’s push to ease the rigid activity restrictions in Shanghai and Beijing. The lockdowns in the world’s largest industrial player pose a serious threat to global growth, especially at a time when inflation fears are high.
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