Gold Price Forecast: $1,885 remains in sight for XAU/USD sellers amid a Bear Cross

Governor Governor Andrew Bailey and Bank of Japan Governor Kazuo Ueda, collectively cemented expectations of more tightening, as they struggle to tame inflation.

Looking ahead, Gold traders look to a raft of economic data releases from the United States, including the final revision to the Gross Domestic Product print, weekly Jobless Claims and Pending Home Sales, for fresh cues on the state of the US economy, which will significantly impact the Fed interest rates outlook. Ahead of that, Fed Chair Jerome Powell’s appearance at the Fourth Conference on Financial Stability hosted by the Bank of Spain, in Madrid, will hog the limelight.

Conversely, strong resistance is pegged near the $1,920 region, above which Gold buyers need to recapture $1,930 for a sustained recovery.Feed news

Source: Digital Coin News (digitalcoinnews.net)

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 nears $1,900 with aims to break below itGold extended its consolidative phase on Tuesday, seesawing in the $1,920/30 region throughout the first half of the day. The bright metal trades une
Source: FXStreetNews - 🏆 14. / 72 Read more »

Gold Price Forecast: XAU/USD downside opens up toward $1,885, Fed’s Powell eyed💰 $XAUUSD price nurses losses while languishing at three-month lows near 1,910 💵 $USD looks to build on the previous rebound amid an uptick in the US Treasury bond yields and a mixed market mood Full forecast ⏩ Forex Commodities
Source: FXStreetNews - 🏆 14. / 72 Read more »

Gold Price Forecast: XAU/USD declines towards $1,900 as spotlight shifts to Fed Powell’s speechGold price (XAU/USD) has challenged the crucial support of $1,910.00 in the London session. The precious metal is declining towards the psychological
Source: FXStreetNews - 🏆 14. / 72 Read more »

Gold Price Forecast: XAU/USD extends its weekly slide and flirts with $1,900XAU/USD is under selling pressure for a third consecutive day, having traded as low as $1,902.80 early in the American session. The US Dollar gathere
Source: FXStreetNews - 🏆 14. / 72 Read more »

Gold Forecast: Market Stability Amidst Overhead NoiseThe gold market has displayed signs of stability recently, with prices hovering above the 61.8% Fibonacci level.
Source: Daily_Forex - 🏆 567. / 51 Read more »

Pension Funds Pay Huge Price Price for Fossil Fuel Investments, Study ShowsPublic pensions would have 16.6 percent lower emissions and be worth $21 billion more if they had divested a decade ago.
Source: truthout - 🏆 69. / 68 Read more »