Gold Price Forecast: Death cross favors XAU/USD bears ahead of United States inflation Gold XAUUSD Inflation SEO Fed
in order to get them to a level high enough to bring inflation back down to the central bank's target rate, per Reuters. Before him, Philadelphia Federal Reserve President Patrick Harker pushed back the chatters of a Fed rate cut during 2023. However, the policymaker did mention, “Fed not likely to cut this year but may be able to in 2024 if inflation starts ebbing.
That said, the 50-SMA pierces off the 200-SMA from above and prints a bearish moving average crossover called the “Death cross”, suggesting further weakness of the Gold price.
Australia Latest News, Australia 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 bears flex muscles ahead of United States inflationGold price (XAU/USD) kick-start the key week with mild gains around $1,865 as traders braces for the key United States inflation data. Even if the yel
Read more »
Gold Price Forecast: XAU/USD bears comply with symmetrical triangleGold price was choppy in New York but decisively bearish as per the technicals and failures to rally even on US Dollar weakness as the session got goi
Read more »
Gold Price Forecast: XAU/USD shows volatility contraction above $1,860 ahead of US InflationGold price (XAU/USD) is demonstrating a decline in volatility ahead of the United States inflation data for fresh impetus. The precious metal is displ
Read more »
Gold Price Forecast: XAU/USD retreats towards $1,850 amid US inflation woes, mystery object inspired fearsGold price (XAU/USD) remains depressed around $1,860 as sour sentiment underpins the US Dollar rebound during early Monday. Also exerting downside pre
Read more »
Gold Price Forecast: XAU/USD could plunge to $1,825 on a sustaneid break below $1,850Gold price is trading with moderate losses. XAU/USD could target $1,825 if the 50-Daily Moving Average support fails, FXStreet’s Dhwani Mehta reports.
Read more »
Gold Price Forecast: XAU/USD manages to defend 50 DMA, upside remains cappedGold price extends its consolidative price move through the early European session on Monday and is currently placed around the $1,865 region. The XAU
Read more »