Gold Price Forecast: XAU/USD approaches $1,670 hurdle despite hawkish central banks, recession woes – by anilpanchal7 Gold XAUUSD CentralBanks Recession Commodities
sion. In doing so, the yellow metal prints the first daily gain in three while recovering from the three-week low.
The metal’s rebound takes clues from the US Dollar Index weakness, as well as easing economic fears from the UK. However, hawkish central bank expectations and fears of a recession in the Eurozone keep theThat said, the DXY seesaws around 113.00 while paring the previous day’s heavy gains amid a light calendar and an absence of the market’s wagers favoring the Fed’s 1.0% rate hike.
Even so, International Monetary Fund Chief Economist Gita Gopinath anticipates hawkish moves by the US Federal Reserve and, which in turn challenge XAU/USD bulls. IMF’s Gopinath recently stated that the Fed should stay the course in view of the economic data.
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 extends bounce off $1,640 support amid softer DXYGold Price Forecast: XAU/USD extends bounce off $1,640 support amid softer DXY – by anilpanchal7 BitcoinGold XAUUSD RiskAppetite Fed Commodities
Read more »
Gold Price Forecast: XAU/USD aims to shift business above $1,650 despite hawkish Fed bets escalateGold Price Forecast: XAU/USD aims to shift business above $1,650 despite hawkish Fed bets escalate – by Sagar_Dua24 Gold XAUUSD Fed Inflation InterestRate
Read more »
Pairs in Focus This Week-S\u0026P 500,EUR/USD,Gold,Oil,BTC/USDGet the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of October 16th, 2022 here.
Read more »
UAB vs. Charlotte prediction: 49ers can strike gold vs. spreadWe’re heading to Protective Stadium in Birmingham, Ala., for a matchup between the 49ers and the Blazers, who are 23.5-point favorites.
Read more »
Painting the town brown and gold to celebrate the PadresThe excitement is literally painting the town brown and gold— with new artwork popping up all around.
Read more »