Gold Price Forecast: XAUUSD creeps lower toward $1750s on Fed hawkish remarks – by christianborjon Gold XAUUSD Metals Macroeconomics Technical Analysis
economic data released that underpinned the US Dollar . Also, a jump in US Treasury bond yields weighed on the yellow metal. At the time of writing, XAUUSD is trading at $1759.40, below its opening price by 0.80%, after hitting a daily high of $1774.81.policymakers emphasized the need to tackle inflation, led by the St. Louis Fed President James Bullard. Bullard said, “Even under these generous assumptions, the policy rate is not yet in a zone that may be considered sufficiently restrictive.
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