Gold prices weathered the Fed’s hawkish signal in the latest meeting. Strategists at TD Securities analyze the yellow metal’s outlook. Economic data w
Chair Powell delivered a hawkish surprise, reiterating the ‘higher for longer’ narrative that has been the worst fear for the Gold bugs.
Looking forward the economic data will be instrumental in determining Gold's direction. At the same time, strong physical markets continue to provide an offset to traditional macroeconomic relationships, underscoring the resilience of the yellow metal's prices against the sharp rise in yields.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
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 recovers some ground above $1,920, investors await US GDP, PCEGold price recovers its recent losses near $1,924 during the early Asian trading hours on Monday. Meanwhile, the US Dollar Index (DXY), a measure of t
Read more »
Gold Price Forecast: XAU/USD remains steady above $1,920, focus on US dataGold price hovers above $1,920 during the Asian session on Monday. The prices of yellow metal snapped a losing streak on Friday as the US Dollar (USD)
Read more »
Gold Price Forecast: XAU/USD remains stuck below key averages, what’s next?Gold price is easing toward $1,920, making it for a negative start to a key week ahead. The United States Dollar (USD) and the US Treasury bond yields
Read more »
Gold Price Forecast: XAU/USD tests key support as bearish pressure mountsXAU/USD turned downwards on Monday, erasing Friday's recovery. The yellow metal is near last week's lows, facing pressure from a firm US Dollar and hi
Read more »
Gold Price Forecast: XAU/USD struggling to hold on to $1,915The XAU/USD took a step lower on Monday, knocking into $1,915.00 and seeing little relief pressure as the US Dollar (USD) catches bids across the boar
Read more »
Gold Price Forecast: XAU/USD remains under selling pressure above $1,900 amid the stronger USDGold price (XAU/USD) struggles to gain around $1,915 during the early Asian session on Tuesday. Gold price is weighed by a rally in US Dollar (USD) an
Read more »